Grob Tea Completes Acquisition of Bazaloni Group Limited, Establishes Wholly Owned Subsidiary
The Grob Tea Company Limited has successfully completed the acquisition of 100% equity share capital of Bazaloni Group Limited. Effective July 28, 2026, Bazaloni Group Limited has become a Wholly Owned Subsidiary (WOS) of The Grob Tea Company, according to the transaction details provided.The acquisition was finalized in line with the terms set out in the Share Purchase Agreement executed on July 1, 2026. This move is intended to strengthen and expand the company's business operations, enhancing growth, revenue, and profitability within the highly competitive Tea Industry.
Transaction Details
The Grob Tea Company acquired all 1,596,500 equity shares of Bazaloni Group Limited, representing 100% of its shareholding. The total consideration for the acquisition amounted to Rs. 72,16,18,000/- (Rupees Seventy-Two Crore Sixteen Lakhs Eighteen Thousand Only). The payment was made entirely in cash.
The details regarding Bazaloni Group Limited and the terms of the acquisition are summarized below:
| Metric | Details |
|---|---|
| Acquired Entity | Bazaloni Group Limited |
| Industry | Tea Industry |
| Completion Date | July 28, 2026 |
| Consideration Type | Cash |
| Cost of Acquisition | Rs. 72,16,18,000/- |
Profile of Bazaloni Group Limited
Bazaloni Group Limited is an Indian company engaged in the manufacture and sale of Tea. The target company operates two tea divisions, Rajgarhali and Bazaloni, which are located in Assam. Together, these divisions span approximately 1000 hectares devoted to tea cultivation.
Founded by the Chalmers brothers in 1915, Bazaloni has developed into a leading producer of high-quality premium C.T.C. teas. Each division operates its own state-of-the-art factory equipped with modern amenities necessary for manufacturing premium teas and caters to various industry segments under the Rajgarhali and Bazaloni marks.
The company employs over 4000 individuals, maintaining well laid out infrastructure including schools, hospitals, and housing facilities. As of March 31, 2026, Bazaloni Group Limited reported a turnover of Rs. 52.78 Crores and a net profit of Rs 6.88 Crores.
The company’s financial performance over the past three years is detailed below:
| Fiscal Year | Turnover (Rs.) |
|---|---|
| 2023-2024 | Rs. 45.84 Crores |
| 2024-2025 | Rs. 49.99 Crores |
| 2025-2026 | Rs. 52.78 Crores |
GROBTEA Stock Price Movement
Shares of The Grob Tea Company Limited hold steady at ₹899.95 as of 2:42 PM today, registering no change during active trading. The stock price trades within a tight intraday range of ₹899.95 and ₹905, with only 24 shares recorded in the trade flow.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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