Mcleod Russel India Tea
NCLAT allows withdrawal of CIRP for McLeod Russel India, says IRP
Sources close to the development indicated that the settlement between McLeod promoters and IL&FS included a combination of payment of an amount and land
 "NCLAT allows withdrawal of CIRP for McLeod Russel India, says IRP")
Amid takeover offer, McLeod Russel pins hopes on debt recast plan
CMD Khaitan says banks have been very supportive and have come to a conclusion on what debt restructuring resolution should be
 "Amid takeover offer, McLeod Russel pins hopes on debt recast plan")
M K Shah Exports approaches McLeod Russel India lenders with counter offer
Carbon Resources has offered an upfront payment of Rs 1,245 crore of an estimated outstanding bank debt of Rs 1,650 crore
 "M K Shah Exports approaches McLeod Russel India lenders with counter offer")
McLeod Russel India lenders likely to discuss Carbon Resources proposal
The contours of the proposal are like this: of an outstanding bank debt of Rs 1,650 crore, the upfront payment being offered is Rs 1,245 crore
 "McLeod Russel India lenders likely to discuss Carbon Resources proposal")
Takeover scare for McLeod Russel as Carbon Resources picks up over 5% stake
The would-be acquirer makes non-binding offer to banks to settle the bulk tea producer's dues
 "Takeover scare for McLeod Russel as Carbon Resources picks up over 5% stake")
Tea firm McLeod Russel expects final debt restructuring plan in few months
Bankers support the company as it engages with them 'very consciously', says CEO Aditya Khaitan.
McLeod Russel defaults at Rs 1,187 cr; to sell tea estates to pare debt
This is the first time the financially stressed McLeod has made public the total payment it has defaulted with the lenders under this new regulation
 "McLeod Russel defaults at Rs 1,187 cr; to sell tea estates to pare debt")
Is sheer size the biggest hurdle in the NCLT route for McLeod Russel?
Viability of the tea industry is another factor that is holding back companies from bidding for India's largest tea company
 "Is sheer size the biggest hurdle in the NCLT route for McLeod Russel?")
Assam Company high on valuation of McLeod Russel's tea gardens
Assam Company's tea estates have been in a state of neglect owing to years of stress on the company's revenues and margins
 "Assam Company high on valuation of McLeod Russel's tea gardens")
Tea stocks extend rally; Goodricke Group, Warren Tea up over 50% in a month
Harrison Malayalam and McLeod Russel India were up more than 10%, while Jay Shree Tea, Dhunseri Tea, Goodricke Group, Warren Tea and Rossell India were up between 5% and 10% today
 "Tea stocks extend rally; Goodricke Group, Warren Tea up over 50% in a month")
McLeod Russel, Jay Shree Tea hit 52-week high; Harrisons Malayalam up 20%
McLeod Russel India, Jay Shree Tea, Tata Global, Warren Tea, Goodrick Group, Dhunseri Tea, B&A, Terai Tea and Harrisons Malayalam hit their respective 52-week highs.
