022 24172311
Sections
Search
DealCurry
Equity
Venture Capital
Private Equity
M&A

Banner
DataBoard Demo
Mergers & Acquisitions | 23 April 2012

Rossell India Acquires Tea Estate Of Dhunseri Petrochem

by Irfan Khan
Rossell India Acquires Tea Estate Of Dhunseri Petrochem
Share on Social Media Email Facebook Twitter Linkedin
 
@irfan
Rossell India Limited has acquired Namsang Tea Estate from Dhunseri Petrochem And Tea Limited for R28.29Cr.

With this acquisition, the total tea estates owned by Rossell India in Assam stand at six with total production of 51 lakh kg of black tea in a year.

The Namsang Tea Estate, located in the Dibrugarh district of Assam, produces around 7.30 lakh kilogram of black tea.

Earlier, Rossell India had bid for a Rwandan tea estate which did not work out.

Dhunseri Group's flagship company Dhunseri Petrochem was formed with the merger of two manufacturing companies of Dhunseri group – Dhunseri Tea and Industries Ltd which was engaged in tea production and IT infrastructure and South Asian Petrochem Ltd which was into manufacturing of PET resin.

Man Group To Exit Real Estate Biz, Focus On Steel Pipe Manufacturing

Man Group To Exit Real Estate Biz, Focus On Steel Pipe Manufacturing

Man Group is planning to exit its real estate business to focus on its core business of steel pipe manufacturing.

Read More...

JustRide Receives Angel Funding From Alok Mittal, Zeeshan Hayat, Anirudh Damani, Others

JustRide Receives Angel Funding From Alok Mittal, Zeeshan Hayat, Anirudh Damani, Others

Online car rental startup JustRide has raised angel funding from Alok Mittal (cofounder of Angel India Network), Zeeshan Hayat (CEO and cofounder of Topper.com), Niraj Singh (founding partner of Outbox Ventures), Nikunj Jain (cofounder of Frankly.me), Anirudh Damani (Partner of Artha Energy Projects), Punit Goyal (cofounder and MD at PLG Clean Energy Projects), Rohit Chokani (Company Director at Lakshchandi Realty) and Palaash Ventures.

Read More...
Subscribe
Enter your Email address
to receive all the news