At the 90th Board Meeting of Dhunseri Tea & Industries Ltd held today, the board decided to enter into a non-binding term sheet to sell its branded tea business presently undertaken under the brands "LALGHORA" and "KALAGHORA" for an aggregate consideration of Rs.101 crore.
The proposed sale shall be subject to due-diligence by the buyer including definitive binding agreements and applicable statutory 1regulatory approvals.
Shares of Dhunseri Tea & Industries Ltd was last trading in BSE at Rs.228.8 as compared to the previous close of Rs. 245. The total number of shares traded during the day was 27 in over 4 trades.
The stock hit an intraday high of Rs. 232.55 and intraday low of 228.8. The net turnover during the day was Rs. 6196.