The Grob Tea Company Acquires Bazaloni Group Limited to Boost Presence in Tea Industry
The Grob Tea Company Limited has entered into a Share Purchase Agreement (SPA) for the acquisition of 100% equity shares of Bazaloni Group Limited, strengthening its presence within the highly competitive tea industry. The transaction aims to enhance the company's growth, revenue, and profitability by gaining further exposure in this sector.The Board of Directors confirmed approval for the SPA, which covers the acquisition from the existing shareholders of Bazaloni Group Limited. Upon completion of the acquisition and fulfillment of closing obligations, Bazaloni Group Limited is set to become a Wholly Owned Subsidiary of The Grob Tea Company Limited.
Key Details of the Acquisition
The acquisition involves The Grob Tea Company (the Acquirer) purchasing all equity shares from Bazaloni Group Limited (the Target Company).| Detail | Information |
|---|---|
| Target Entity | Bazaloni Group Limited |
| Business Sector | Manufacture and sale of Tea |
| Status | The Grob Tea Company will acquire 100% equity shares. |
| Consideration Type | Cash consideration |
| Acquisition Cost | Rs. 72,16,18,000/- |
| Price Per Share | Rs. 452 per share |
The deal structure includes the acquisition of all 1,596,500 equity shares of Bazaloni Group Limited (representing 100% ownership).
Background on Bazaloni Group Limited
Bazaloni Group Limited is an Indian company primarily engaged in tea. The entity is noted as one of the leading tea estates situated in Assam and is headquartered in Kolkata.The background details of the acquired entity are summarized below:
| Metric | Detail |
|---|---|
| Date of Incorporation | June 30, 1977 |
| Business Profile | Operating two divisions, Rajgarhali and Bazaloni, spanning approximately 1000 hectares under tea cultivation. It is a producer of high quality premium C.T.C. teas. |
| Annual Production | Estimated around 3 million kilograms. |
| Employees | The company employs over 4000 people and provides comprehensive infrastructure, including housing, hospitals, and schools. |
The financial performance of Bazaloni Group Limited over the last three years stood as follows:
| Year | Turnover (Rs.) | Net Profit/Loss (Rs.) |
|---|---|---|
| 2023-2024 | Rs. 45.84/- Crores | N/A |
| 2024-2025 | Rs. 49.99 /- Crores | N/A |
| 2025-2026 | Rs. 52.78 /- Crores | Rs 6.88/- Crores |
The transaction has been mutually agreed upon and the parties have adopted a revised timeline for completion, with an indicative period set up to July 31, 2026. The deal is confirmed not to fall within related party transactions, as neither the promoters nor their group companies hold any interest in Bazaloni Group Limited.
GROBTEA Stock Price Movement
On Wednesday, shares of The Grob Tea Company Limited edged higher, settling at ₹911.05 following a 0.56% gain on the day. The stock traded within a tight range between a low of ₹911.05 and a high of ₹937.65, while recording a modest total volume of 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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