Announced Wed, 1 Jul · 16:42 IST
Grob Tea to acquire 100% 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
+4.8%1-day move
₹913.00
prior close
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base price
After-mkt
timing
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————+4.8-0.8-2.3+0.5-1.2-0.2-2.8———
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AI summary
Grob Tea Company's board has approved acquiring 100 percent equity in Bazaloni Group Limited, an Assam-based tea estate company, for Rs 72.16 crores in cash at Rs 452 per share. Bazaloni will become a wholly-owned subsidiary. Target FY26 turnover is Rs 52.78 crores with net profit of Rs 6.88 crores. Deal expected to close by 31 July 2026.
Likely market impact
Adds a tea estate with Rs 52.78 cr turnover and Rs 6.88 cr profit, expanding Grob Tea's presence in the tea industry.