• About Us
  • Copyright Policy
  • Disclaimer
  • Authors
  • Career
  • Contact Us
Assamese |   Bengali |  
Monday, January 25, 2021
NORTHEAST NOW
  • HOME
  • NORTH EAST
    • Assam
    • Meghalaya
    • Tripura
    • Mizoram
    • Manipur
    • Nagaland
    • Arunachal
    • Sikkim
  • Neighbours
    • Nepal
    • Bhutan
    • China
    • Myanmar
    • Bangladesh
  • Business
  • Entertainment
  • Sports
  • Environment
  • Citizen Journalists
  • Opinion
No Result
View All Result
  • HOME
  • NORTH EAST
    • Assam
    • Meghalaya
    • Tripura
    • Mizoram
    • Manipur
    • Nagaland
    • Arunachal
    • Sikkim
  • Neighbours
    • Nepal
    • Bhutan
    • China
    • Myanmar
    • Bangladesh
  • Business
  • Entertainment
  • Sports
  • Environment
  • Citizen Journalists
  • Opinion
No Result
View All Result
NORTHEAST NOW
Assamese
Home Business

McLeod Russel to sell four tea estates of Assam

The Company had sold eight more tea estates of Assam earlier in the year

NE NOW NEWS by NE NOW NEWS
GUWAHATI , September 24, 2018 3:52 pm
Assam tea industry

Representative image.

Share on FacebookShare on Twitter

Tea giant McLeod Russel India has decided to dispose of specified assets of four tea estates of the company in Assam and two tea estates in West Bengal.

McLeod Russel India is based in Kolkata.

The gardens in Assam are Addabarie Tea Estate, Dirai Tea Estate, Mahakali Tea Estate and Rajmai Tea Estate and the consideration to be received from such sale is Rs 180.70 crore.

The execution is subject to due diligence by the proposed buyer and necessary approvals and for the sale of, the assets of the Assam gardens the company has signed a non-binding term sheet with Saffron Enclave Private Limited on Saturday.

The gardens in Dooars (West Bengal) are Chuapara and Jainti tea estates including Chuniajhora tea estate (whose teas are processed in Jainti tea estate), are being sold to Civil Engineers Enterprises Pvt Ltd for Rs 25.07crore.

McLeod Russel is on a selling spree of its tea gardens and is in its fourth tranche of sales, reported the Shillong Times.

The company had in a bid to rationalize production and reduce debts earlier in the year announced its decision to sell off as many as 12 tea estates in Upper Assam for Rs 472crore.

Army and IAF helicopters execute rescue of crew at 15,500 ft

Galwan Valley heroes honoured with gallantry awards

Railway scraps tender for 44 trains because of China link

Railways approves 115 mail, express trains in January

Meghalaya Assembly Committee on Environment calls for in-depth study of ‘Blue coloured’ waters of Lukha River

Meghalaya Assembly Committee on Environment calls for in-depth study of ‘Blue coloured’ waters of Lukha River

Former Assam CM Tarun Gogoi’s ashes to be immersed in Brahmaputra at Nimatighat on Wednesday

Former Assam CM Tarun Gogoi awarded Padma Bhushan posthumously

NORTHEAST NOW

Northeast Now is a multi-app based hyper-regional bilingual news portal. Led by a group of professionals, the digital news platform covers every inch of the eight states of northeast India and the five neighbouring countries. It is the first of its kind new media initiative in the northeast, and is based in Guwahati. As the political dynamics in the northeast is intricate and fluid, Northeast Now is always politically neutral.

 
Our Properties
 
  • NORTHEAST NOW ASSAMESE
  • NORTHEAST JOBS
  • NORTHEAST TENDERS
  • INNFINITY
  • About Us
  • Copyright Policy
  • Disclaimer
  • Authors
  • Career
  • Contact Us

© 2019 - Maintained by EZEN Software & Technology Pvt. Ltd

No Result
View All Result
  • HOME
  • NORTH EAST
    • Assam
    • Meghalaya
    • Tripura
    • Mizoram
    • Manipur
    • Nagaland
    • Arunachal
    • Sikkim
  • Neighbours
    • Nepal
    • Bhutan
    • China
    • Myanmar
    • Bangladesh
  • Business
  • Entertainment
  • Sports
  • Environment
  • Citizen Journalists
  • Opinion

© 2019 - Maintained by EZEN Software & Technology Pvt. Ltd