The Bombay Burmah Trading Corporation has completed 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 for a total consideration of ₹120 crore.
The agreement, dated 27th March 2026, was entered with multiple buyers, including 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. As per the agreement, ₹110 crore has already been received, with the remaining balance to be paid according to the terms outlined.
The sale is part of the corporation’s strategic decisions under the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015. The transaction does not involve any related party transactions, and there are no special rights or significant terms associated with the agreement.
The company has confirmed that the transaction does not involve any shareholding or related party interests, ensuring compliance with regulatory requirements. No amendments or terminations of the agreement have been reported.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).
This article is written by Business Desk and reviewed by Aman Shukla before publication.