Sewujpur Tea Co. (P) Ltd entered into Non-Disclosure and Confidentiality Term Sheet to acquire Shivani Tea Factory from Dhunseri Tea & Industries Limited for INR 85 million.

Sewujpur Tea Co. (P) Ltd entered into Non-Disclosure and Confidentiality Term Sheet to acquire Shivani Tea Factory from Dhunseri Tea & Industries Limited (NSEI:DTIL) for INR 85 million on January 19, 2024. Shivani Tea Factory reported turnover of INR 117.885 million for the year ended March 31, 2023.

The transaction is expected to close on March 31, 2023.