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McLeod Russel India Limited entered an MoU to sell its Tarajulie Tea Estate for ₹22.75 Crore. This asset disposal aims to facilitate part-payment of debt.
McLeod Russel has signed an MoU to sell its Corramore Tea Estate assets for ₹26.16 Crore to Krishnabehari Tea Co Ltd for debt part-payment.
McLeod Russel India Limited has agreed to sell the Nya Gogra, Rupajuli, and Boroi Tea Estates for a total of ₹88.85 Crore. The cash sale is part of a debt restructuring plan approved by NARCL. Buyers include Bengal Tea & Fabrics, Khona Tea Estate LLP, and Jatinga Agro-Tech, with completion expected by May 30, 2026.
McLeod Russel India Limited entered MoUs to dispose of three Assam tea estates (Nya Gogra, Rupajuli, Boroi) for ₹88.85 Crore to reduce debt. The buyers include Bengal Tea & Fabrics, Khona Tea Estate LLP, and Jatinga Agro-Tech. Separately, the board appointed Mr. Pradip Bhar as Whole-Time Director and CFO for three years.