Bombay Burmah Trading Corporation Limited has finalized the sale of its Dunsandle Estate tea plantations in Nilgiris for Rs. 1.20 billion, marking a significant portfolio reshaping move. The deal was executed through an asset purchase agreement with individual buyers and Poomex Clothing Company.
The Bombay Burmah Trading Corporation Limited announced on March 27, 2026, that it has sold its Dunsandle Estate tea plantations located in Sholur, Udhagamandalam, Nilgiris district. The transaction, valued at Rs. 120 crores, reflects the company’s strategic decision to streamline operations and unlock asset value.
Transaction Details
The agreement was signed on March 27, 2026, with buyers including Mr. Rangasamy, Mrs. Rathinambal, Mr. Durai Arun, Mr. Saran, and Poomex Clothing Company. Out of the total consideration, Rs. 110 crores has already been received, with the remaining balance to be paid as per the agreement terms.
Strategic Significance
The sale underscores Bombay Burmah’s focus on optimizing its asset portfolio while maintaining compliance with SEBI’s Listing Obligations and Disclosure Requirements. The transaction is not classified as a related party deal, ensuring transparency and arm’s length execution.
Key Highlights
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Sale value: Rs. 120 crores
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Rs. 110 crores received upfront
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Buyers include individuals and Poomex Clothing Company
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Transaction executed under SEBI Listing Regulations
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No related party involvement
Sources: Bombay Burmah Trading Corporation Limited regulatory filing