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Thursday, May 17, 2012 - 18:55 IST
Assam Co. to sell tea estate to repay FCCB holders
BY Sneha Shah
The sale is estimated to fetch Rs 80 crore for the debt-laden company; it is in talks with leading tea manufacturers.
Debt-laden Assam Co., a BSE-listed tea manufacturer, is looking to sell its biggest tea estate at Salonah, the company’s board of directors agreed on Thursday. The company has 17 gardens producing over 15 million...
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