Announced Tue, 28 Jul · 14:55 IST
Grob Tea completes 100% acquisition of Bazaloni Group for Rs 72.16 cr
GROBTEA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+2.9%1-day move
₹900.00
prior close
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base price
In-mkt
timing
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————+2.9+0.0+2.2+2.0+0.3-1.0+4.9———
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AI summary
Grob Tea has completed the 100% acquisition of Bazaloni Group Limited for Rs 72.16 crore in cash, making it a wholly owned subsidiary. Bazaloni runs the Bazaloni Tea Estate in Assam spread over 1000 hectares. FY26 turnover was Rs 52.78 crore and net profit Rs 6.88 crore, with revenue growing from Rs 45.84 crore in FY24. The deal is not a related party transaction. Aim is to expand tea operations and drive growth.
Likely market impact
Bolt-on tea acquisition adds Rs 52.78 cr revenue and Rs 6.88 cr profit, immediately accretive and core business expansion.