Sale of Corramore Tea Estate for about Rs 26.16 cr to Krishnabehari Tea

Core business divestedStrategic Transactions View source PDF Explain this filing

MCLEODRUSS · price

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Price reactionminutes from the announcement price · days from the prior close

+5.0%Reaction day

₹46.71

prior close

₹46.55

announcement price

After-mkt

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Nifty Microcap 250market · in no size index; the smallest one is used+0.0%+5.0% vs market

On the reaction day the stock moved 5.0 pts more than Nifty Microcap 250, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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10m

+3.1

15m

+3.8

30m

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Sessions after the filingfrom the prior close

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Reaction day

+5.0+0.0+5.0

Next day

+10.1-0.0+10.2

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15d

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AI summary

McLeod Russel has signed an MoU to sell Corramore Tea Estate in Assam for about Rs 26.16 crores to Krishnabehari Tea Co Ltd, an unrelated buyer. The sale is part of debt restructuring with NARCL via IDRCL. Corramore contributed 1.80 percent of FY26 turnover at around Rs 17.44 crores. Deal expected by 31 October 2026, subject to shareholder and other approvals.

Likely market impact

Asset sale aimed at repaying debt; small revenue impact. Shareholder approval under Regulation 37A is pending.