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McLeod Russel hands over specified assets of eight Tea Estates to M K Shah Exports

McLeod Russel India has handed over the specified assets of the eight Tea Estates of the company to M K Shah Exports.

Post completion of due diligence by M K Shah Exports (Buyer) and on compliance of the conditions precedent by the company (Seller), the specified assets, being the Estates & Bearer Plants and other Assets of Beesakopie Tea Estate, Raidang Tea Estate, Daimukhia Tea Estate, Samdang Tea Estate, Baghjan Tea Estate, Bordubi Tea Estate, Koomsong Tea Estate and Phillobari Tea Estate of the company in Assam, have been handed over to the Buyer On October 12, 2018. This transaction is subject to necessary approval from the Government of Assam.

McLeod Russel India is a holding company. The company is engaged in manufacturing of tea in India.