Jalannagar Development Private Limited entered into a memorandum of understanding to acquire Bahadur Tea Estate of Dhunseri Tea & Industries Limited for approximately INR 110 million on October 28, 2020. Consideration consists of INR 110 million plus value of Current Assets. net of Current liabilities as on date of completion of sale. For the year ended on March 31, 2020, Bahadur Tea Estate of Dhunseri Tea & Industries Limited reported revenue of INR 30.3 million. The transaction is expected to close on January 1, 2021. Jalannagar Development Private Limited completed the acquisition of Bahadur Tea Estate of Dhunseri Tea & Industries Limited on February 24, 2021. The acquisition does not include the tea manufacturing factory.