Announced Tue, 28 Jul · 14:36 IST
Grob Tea completes 100% acquisition of Bazaloni Group Limited
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
₹905.00
base price
In-mkt
timing
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AI summary
Grob Tea has completed acquiring 100% equity of tea company Bazaloni Group Limited for Rs. 72.16 crores in cash. Bazaloni becomes a wholly owned subsidiary. It is an Assam-based tea estate with FY26 turnover of Rs. 52.78 crores and net profit of Rs. 6.88 crores. Revenue grew from Rs. 45.84 crores in FY24. Deal is not a related party transaction.
Likely market impact
Acquisition adds about Rs. 52.78 crores of revenue and strengthens Grob Tea's tea business. All-cash deal, not a related party transaction.