Dhunseri Tea to acquire two estates from Apeejay Tea in Assam's Tinsukia

The acquisition would give Dhunseri a bigger pie in Assam's tea market

Soon after entering into a deal with Warren Tea to buy its four tea estates in Assam, the C K Dhanuka-promoted Dhunseri Tea & Industries is set to buy another two tea gardens from Apeejay Tea Ltd, a part of the Apeejay Surrendra group.
 
In a stock exchange filing, Dhunseri said the company has signed a memorandum of understanding (MoU) on Monday with Apeejay Tea Ltd for acquisition of two tea estates located in Tinsukia district of Assam for Rs 109 crore.
 
Dhanuka said the Apeejay estates being acquired were its best.
 
The acquisition would give Dhunseri