Goodricke Group to Divest Leesh River Tea Estate Jul 04, 2025
More news about Goodricke Group
16Apr 25
Goodricke Group Signs MOU for Potential Sale of Leesh River Tea Estate at ₹26.5 Crore
Goodricke Group Limited has signed a non-binding MOU with Sombaria Agri Products Private Limited to potentially sell its Leesh River Tea Estate for ₹26.50 crore. The estate contributed 3.43% to the company's revenue in FY 2023-24 and produces 9.10 lakh kgs of tea annually. The transaction, expected to complete by May 31, 2025, is subject to due diligence and necessary approvals. The Board of Directors approved the MOU on April 14, 2025.