Bengal Tea & Fabrics Ltd to Acquire Assam Tea Estate via MoU with Mcleod Russell India
Bengal Tea & Fabrics Ltd announced that its Board of Directors approved entering into a Memorandum of Understanding (MoU) with Mcleod Russell India Limited. The MoU focuses on the acquisition of a Tea Estate located in the State of Assam, aiming to boost the company's production, turnover, and profitability.The Board passed the approval at a meeting held on April 22, 2026. The acquisition involves Mcleod Russell India Limited, which operates in the Tea & Coffee industry.
The target entity for the acquisition is Nya Gogra Tea Estate, a unit of Mcleod Russell India Limited. This estate is located in India and specializes in the manufacturing of Black Tea.
The company confirmed that the proposed transaction does not constitute a related party transaction, and the promoter group does not hold any interest in the acquired entity.
Bengal Tea & Fabrics Ltd intends to complete the acquisition using cash consideration. The approximate cost of acquisition has been detailed as Rs. 45.00 crores.
Acquisition Key Details
The key details regarding the acquisition are summarized below:| Particulars | Details |
|---|---|
| Target Entity | Mcleod Russell India Limited (Acquiring Nya Gogra Tea Estate) |
| Industry | Tea & Coffee |
| Acquisition Objective | To enhance production, turnover and profitability |
| Consideration Type | Cash consideration |
| Approximate Cost of Acquisition | Rs. 45.00 crores |
| Indicative Completion Period | May 15, 2026 |
| Acquired Unit Background | Nya Gogra Tea Estate, Unit of Mcleod Russell India Limited; Line of Business: Manufacturing of Black Tea; Country: India |
Stock Price Movement
Bengal Tea & Fabrics Ltd shares settled at ₹154.00 today, up 1.65% by the close of Wednesday trading. The stock traded within a tight range for the session, moving from a low of ₹151.50 to a high of ₹154.00.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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