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An update from Bombay Burmah Trading Corp. Ltd. ( (IN:BBTC) ) is now available.
Bombay Burmah Trading Corporation has approved the sale of its Dunsandle Estate tea plantation located in Sholur, Udhagamandalam in the Nilgiris district, with completion subject to regulatory approvals and consents. The estate contributed Rs. 5.65 crore, or 2.05% of the company’s turnover, and Rs. 7.10 crore, or 3.76% of net worth in the last financial year, indicating a non-core but meaningful asset reallocation.
Definitive sale agreements are yet to be executed and consideration has not been received, with timing and terms to be finalized between the parties. The buyers, including individuals from the Rangasamy family and Poomex Clothing Company, are not related to the company’s promoter group, signaling an arm’s length, non-related party divestment that marginally reshapes the firm’s plantation portfolio without a transformative balance sheet impact.
More about Bombay Burmah Trading Corp. Ltd.
The Bombay Burmah Trading Corporation Limited is a diversified Indian company with a longstanding presence in plantation businesses, including tea estates. Listed on BSE and NSE, it operates agricultural assets such as tea plantations, contributing a modest share to its overall turnover and net worth within its wider portfolio.
Average Trading Volume: 2,879
Technical Sentiment Signal: Hold
Current Market Cap: 98.94B INR
For a thorough assessment of BBTC stock, go to TipRanks’ Stock Analysis page.