Grob Tea Company Limited Acquires 100% Stake in Bazaloni Group, Targeting Growth in Tea Industry
The Grob Tea Company Limited has approved the acquisition of a 100 percent equity stake in Bazaloni Group Limited, moving to integrate the tea manufacturing business into its operations. The transaction is defined by a Share Purchase Agreement (SPA) executed on July 1, 2026, through which the Target Company will become a wholly owned subsidiary of Grob Tea Company Limited.The acquisition involves purchasing all 1,596,500 equity shares of Bazaloni Group Limited for a total consideration of Rs. 72,16,18,000/- (Rupees Seventy-two Crore Sixteen Lakhs Eighteen Thousand Only). The price per share acquired by the Acquirer is Rs. 452. The total consideration will be paid in cash.
The Grob Tea Company Limited stated that the strategic move is intended to enhance the company's growth, revenue and profitability while enabling it to gain exposure necessary for further expanding its presence within the Tea Industry. Indicative timeline for the completion of this acquisition extends up to July 31, 2026.
Profile of Bazaloni Group Limited
Bazaloni Group Limited is an Indian company primarily involved in the business of manufacture and sale of Tea. The acquired entity background highlights 'Bazaloni Tea Estate,' a leading tea estate located in Assam, with its headquarters in Kolkata.The estate consists of two divisions, Rajgarhali and Bazaloni, spanning approximately 1000 hectares dedicated to tea cultivation. Founded by the Chalmers brothers in 1915, the company has established itself as a premium C.T.C. tea producer, with an estimated production volume around 3 million kilograms. Each division operates its own state of art factory and is equipped for manufacturing premium teas across various market segments under the Rajgarhali and Bazaloni marks.
The organization employs over 4000 people and has established comprehensive infrastructure including hospitals and schools on site. The company was incorporated on June 30, 1977.
Financial Snapshot of Bazaloni Group Limited
Financial details concerning the target entity show a consistent trend in turnover across recent years. Key financial metrics for Bazaloni Group Limited include:| Metric | Detail |
|---|---|
| Authorized Share Capital | Rs. 4,00,00,000 (divided into 40,00,000 Equity Shares of Rs. 10/- each) |
| Paid-up Share Capital | Rs. 1,59,65,000 (divided into 15,96,500 Equity Shares of Rs. 10/- each) |
| Industry | Tea Industry |
| Turnover (As on 31.03.2026) | Rs. 52.78/- Crores |
| Net Profit/Loss (As on 31.03.2026) | Rs 6.88/- Crores |
Historical Turnover:
| Financial Year | Turnover |
|---|---|
| 2025-2026 | Rs. 52.78 /- Crores |
| 2024-2025 | Rs. 49.99 /- Crores |
| 2023-2024 | Rs. 45.84 /- Crores |
The transaction is confirmed not to fall within any related party transactions, and the promoter group holds no interest in the acquisition of Bazaloni Group Limited.
GROBTEA Stock Price Movement
Today, shares of The Grob Tea Company Limited edged up to close at ₹913.00 after gaining 0.56%. The stock saw movement within an intraday range defined by a low of ₹911.05 and a high of ₹937.65, with total traded volume recorded at 159 shares.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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