Dhunseri Tea and Industries moves up on entering into MoU with Warren Tea to acquire three tea estates
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Dhunseri Tea and Industries is currently trading at Rs. 232.10, up by 13.00 points or 5.93% from its previous closing of Rs. 219.10 on the BSE.
The scrip opened at Rs. 223.90 and has touched a high and low of Rs. 226.10 and Rs. 220.00 respectively. So far 1413 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. 228.00 and Rs. 202.00 respectively. The current market cap of the company is Rs. 232.53 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 and Industries has entered into Memorandum of Understanding (MoU) on November 21, 2022 with Warren Tea to acquire three tea estates located in the State of Assam i.e. Duamara Tea Estate, Tara Tea Estate and Deohall Tea Estate. The objective of acquisition is to enhance production, turnover and profitability of the company. Duamara Tea Estate’s cost of acquisition is Rs 32.95 crore, Tara Tea Estate’s consideration is Rs 36.50 crore and Deohall Tea Estate’s cost of acquisition is Rs 21.35 crore.
Dhunseri Tea and Industries is engaged in tea production. It provides packaging and blending units are located in Dhunseri Tea Estate (Assam) and at Jaipur (Rajasthan).
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