Mcleod Russel India Ltd has decided to dispose of Specified assets of Addabarie Tea Estate, Dirai Tea Estate, Mahakali Tea Estate and Rajmai Tea Estate of the Company in Assam, subject to due diligence by the proposed buyer and necessary approvals and for the said purpose the Company has signed a Non-binding Term Sheet with Saffron Enclave Private Limited having its Registered Office at P-46A Radhabazar Lane, 4th Floor, Kolkata-700001 on 22nd September, 2018.
The Consideration received / to be received from such sale / disposal is Rs.180.70 crores.
Shares of MCLEOD RUSSEL INDIA LTD. was last trading in BSE at Rs.151.25 as compared to the previous close of Rs. 157.1. The total number of shares traded during the day was 18915 in over 311 trades.
The stock hit an intraday high of Rs. 158.9 and intraday low of 146. The net turnover during the day was Rs. 2928052.