Goodricke Group Merger & Restructuring Worth ₹5 Cr
Goodricke Group signed a non-binding MoU to sell its Barnesbeg Tea Estate for Rs. 5 Crore. Completion of the definitive sale is expected by January 2027.
- Value
- ₹5.00 Cr
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Goodricke Group signed a non-binding MoU to sell its Barnesbeg Tea Estate for Rs. 5 Crore. Completion of the definitive sale is expected by January 2027.
Goodricke Group Ltd sold a collection of art-works via public auction for approximately ₹27.75 Crore. This strategic divestment of non-core assets will positively impact the company's cash position.
Goodricke Group executed a sale agreement for its Chalouni Tea Estate to Chalouni Plantation Pvt. Ltd. Asset possession has been transferred following successful due diligence completion.
Goodricke Group announced its RTA, C B Management Services, merged with MUFG Intime India. Services remain uninterrupted under the new entity and SEBI registration.
Goodricke Group Limited executed a non-binding MoU to sell its Chalouni Tea Estate for ₹19 Crore to Mr. Ashok Kumar Goyal and Mrs. Suman Goyal. The unit contributed 1.9% of total turnover in FY25. The transaction is expected to conclude by May 15, 2026, following due diligence.