•  •  Dark Mode

Your Interests & Preferences

I am a...

law firm lawyer
in-house company lawyer
litigation lawyer
law student
aspiring student
other

Website Look & Feel

 •  •  Dark Mode
Blog Layout

Save preferences

Khaitan helps McLeod Russel on another tea plantation sale for $22m

“Bulk tea producer McLeod Russel is selling three estates in Assam to city-based Luxmi Tea Company for an estimated value of around Rs 150.5 crore. In a notification to stock exchanges on Monday, McLeod Russel said, it has executed an agreement for sale of specified assets of Addabarie Tea Estate, Mahakali Tea Estate and Dirai Tea Estate on April 22, 2019,” reported The Times of India.

Khaitan & Co advised McLeod Russel India Limited led by a team of partner Padam Khaitan, partner Devidas Banerji, senior associate Shourya Sengupta and associate Sneh Lata.

Khaitan had also advised the company in December 2018 on its sale of tea estates to MK Shah Exports.

Deal value: INR 150.45 crores (USD 22 million).

2019-04-23

This deal report is based on a firm's press release and may be only partially complete. Some firms or names of advisers may be therefore be missing.

No comments yet: share your views

Latest comments