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McLeod Russel sells Assam’s Tarajulie Tea Estate assets to Jaynath Tea Estate for Rs 22.75 crore
28-Aug-2026, 05:47
McLeod Russel India Limited announced it has entered into a Memorandum of Understanding with Jaynath Tea Estate for the disposal of assets of its Tarajulie Tea Estate in Assam, for Rs 22,75,00,000, excluding applicable taxes and outstanding statutory dues. The disposal is part of a debt restructuring plan approved by National Asset Reconstruction Company Limited acting through India Debt Resolution Company Limited, and is expected to be completed by October 31, 2026, subject to necessary approvals.