The Bombay Burmah Trading Corporation Ltd. 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 involved an Asset Purchase Agreement executed on March 27, 2026, with a total consideration of ₹1,20,00,00,000 (Rupees One hundred and twenty crores). As of the announcement date, ₹110 Crores has been received, with the remaining balance to be received as per 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 company confirmed that none of the parties involved are related to the promoter, promoter group, or group companies.
Details of the Agreement
| Particular | Details |
|---|---|
| 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 |
| Date of Agreement | March 27, 2026 |
| Consideration | ₹110 Crores received as of the announcement date. Balance consideration to be received as per the agreement. |
| Related Parties | No |
| Related Party Transaction | Not Applicable |
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