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01-01-1970 12:00 AM | Source: Accord Fintech
Dhunseri Tea & Industries surges on inking MoU for sale of Khagorijan Tea Estate
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Dhunseri Tea & Industries is currently trading at Rs. 244.55, up by 4.55 points or 1.90% from its previous closing of Rs. 240.00 on the BSE.

The scrip opened at Rs. 243.00 and has touched a high and low of Rs. 249.70 and Rs. 242.10 respectively. So far 869 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 358.00 on 12-Jan-2022 and a 52 week low of Rs. 177.10 on 21-Jun-2022.

Last one week high and low of the scrip stood at Rs. 267.35 and Rs. 227.55 respectively. The current market cap of the company is Rs. 256.96 crore.

The promoters holding in the company stood at 68.90%, while Institutions and Non-Institutions held 2.03% and 29.07% respectively.
 
Dhunseri Tea & Industries has entered into a Memorandum of Understanding (MoU) on December 14, 2022 for sale of Khagorijan Tea Estate 'on as is where is basis', jointly to Sahdev Singh Kushwah, Sanwar Mal More and Nikhil Agarwalla. The Final Agreement for Sale will be entered between the Vendor and the Purchaser through Partnership Firm or LLP being formed by them on or before the execution of the Sale Agreement.

The Consideration received from such sale/disposal is Rs 15.00 crore subject to adjustment for value of Current Assets and Current liabilities as on date of completion of sale and due diligence.

Dhunseri Tea & Industries is engaged in tea production. It provides packaging and blending units are located in Dhunseri Tea Estate (Assam) and at Jaipur (Rajasthan).