The Bombay Burmah Trading Corporation Limited Sells Tea Plantations for ₹120 Crores
The Bombay Burmah Trading Corporation Limited announced the sale of its Tea Plantations (Dunsandle Estate) located in Village Sholur, Taluka Udhagamandalam, District Nilgiris. The transaction was executed through an Asset Purchase Agreement with multiple buyers for a total consideration of ₹1,20,00,00,000 (Rupees One hundred and twenty crores).As of the date of the agreement, ₹110 Crores has been received, with the remaining consideration expected according to the terms of the agreement.
The buyers involved in the transaction are Mr. Rangasamy S/o Kanthasamy Gounder, Mrs. Rathinambal W/o. Rangasamy, Mr. Durai Arun S/o. Rangasamy, Mr. Saran S/o. Rangasamy, and Poomex Clothing Company. The agreement was finalized on March 27, 2026.
The parties involved are not related to the promoter group or any group companies and the transaction does not constitute a related party transaction.
Details of the Asset Purchase Agreement:
| Particular | Details |
|---|---|
| Names of Parties | Seller: The Bombay Burmah Trading Corporation Limited Buyers: 1. Mr. Rangasamy S/o Kanthasamy Gounder 2. Mrs. Rathinambal W/o. Rangasamy 3. Mr. Durai Arun S/o. Rangasamy 4. Mr. Saran S/o. Rangasamy 5. Poomex Clothing Company |
| Purpose of Agreement | Sale of Tea plantations (Dunsandle Estate) for ₹120 Crores |
| Date of Agreement | March 27, 2026 |
| Consideration Received | ₹110 Crores received as of the date of the agreement. |
| Shareholding | Not Applicable |
| Special Rights | Not Applicable |
| Related Parties | No |
| Related Party Transaction | Not Applicable |
| Share Issuance | Not Applicable |
| Other Disclosures | Not Applicable |
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