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Mergers & Acquisitions | 23 April 2012

Rossell India Acquires Tea Estate Of Dhunseri Petrochem

by Irfan Khan
Rossell India Acquires Tea Estate Of Dhunseri Petrochem
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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.

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