Kolkata, July 28 (IANS) Kolkata-based Dhunseri Petrochem & Tea
Limited (DPTL) has acquired tea estates in f Malawi, the company said in a
regulatory filing.
The company was in
discussions with third parties to acquire tea estates overseas.
DPTL, through its
wholly-owned subsidiary Dhunseri Petrochem and Tea Pvt Ltd, has agreed to buy
out 100 percent share capital of Makandi Tea and Coffee Estates Ltd and
Kawalazi Estate Company Ltd from London-based Global Tea and Commodities Ltd by
executing a share purchase agreement (SPA), the company informed Bombay Stock
Exchange (BSE) Friday.
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