The Bombay Burmah Trading Corporation Limited has informed the Exchange about Agreements
BBTC · price
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Bombay Burmah Trading Corporation (BBTC) has sold its Dunsandle Tea Estate located in Sholur village, Udhagamandalam taluka, Nilgiris district through an Asset Purchase Agreement dated 27th March 2026. The total consideration is Rs. 120 crores (before applicable taxes), of which Rs. 110 crores has already been received, with the balance payable as per the agreement. The buyers are four members of the Rangasamy family and Poomex Clothing Company, and they are not related to the company's promoters or group companies. The transaction is not a related party deal and carries no special rights such as board nomination or share subscription privileges.
BBTC is exiting part of its legacy tea plantation business, unlocking Rs. 120 crores in cash which strengthens its balance sheet and can be redeployed into other businesses or reduce debt. Shareholders may view this positively if proceeds are used productively, though it signals a gradual wind-down of the company's traditional tea operations.