Dhunseri Tea & Industries Limited (BSE:538902) entered into memorandum of understanding to acquire Tara Tea Estate of Warren Tea Limited from Warren Tea Limited (BSE:508494) for RS 360.50 million on November 21, 2022. Dhunseri Tea & Industries Limited (BSE:538902) entered into an agreement to acquire Tara Tea Estate of Warren Tea Limited from Warren Tea Limited (BSE:508494) on January 18, 2023. The transaction is subject to due diligence carried out by the Buyer in due course. Tara Tea Estate recorded revenue of INR 172.2 million last financial year. The expected date of completion of sale is March 31, 2022. Khaitan & Co. acted as financial advisor to Dhunseri Tea & Industries Limited (NSEI:DTIL).

Dhunseri Tea & Industries Limited (BSE:538902) completed the acquisition of Tara Tea Estate of Warren Tea Limited from Warren Tea Limited (BSE:508494) on January 19, 2023.