Goodricke Group Ltd executes non-binding MoU for sale of Leesh River Tea Estate

GOODRICKE GROUP LIMITED has, on 16th April, 2025, executed a Non-binding Memorandum of Understanding (MoU) with SOMBARIA AGRI PRODUCTS PRIVATE LIMITED (CIN: U28255WB2024PTC269003), a company incorporated under the provisions of the Companies Act, 2013, having its registered office at 3rd Floor, Flat 3A, 19 Lake Avenue, Kolkata - 700026.

The purpose of the said MoU is to permit the commencement of due diligence in relation to the proposed sale of Leesh River Tea Estate, on an "as is, where is" basis. It is clarified that the MoU is non-binding in nature and the execution of a definitive agreement for the said transaction shall be subject to the completion of satisfactory due diligence and receipt of necessary approvals.

The Board of Directors of the Company has approved the execution of the aforesaid MoU by way of a resolution passed by circulation on 14th April, 2025.

Shares of GOODRICKE GROUP LTD. was last trading in BSE at Rs. 186.50 as compared to the previous close of Rs. 180.25. The total number of shares traded during the day was 3413 in over 66 trades.

The stock hit an intraday high of Rs. 187.50 and intraday low of 176.10. The net turnover during the day was Rs. 632795.00.

Source : Equity Bulls

Keywords

GOODRICKEGROUP INE300A01016 NonBindingMoU LeeshRiver TeaEstate