McLeod locks deal with Goodricke to sell two more tea estates in Assam

Sources estimated the Harchurah tea estate to be valued at Rs 360 per kilo for and the Bargang tea estate at Rs 350 per kilo

Marking its third tranche of sales, McLeod Russel, which is on a drive to trim its tea estates portfolio in the country, has concluded an agreement to sell two estates in Assam to the Camellia Plc-owned Goodricke Group and one of its subsidiary companies, Amgoorie India.

Sources said the valuation of these two tea estates - poised to be sold to Goodricke and its subsidiary at Rs 360 a kilo for the Harchurah tea estate and Rs 350 a kilo for the Bargang tea estate - is likely to fetch McLeod Russel a total of Rs 912.9 million from this