Madhuting Tea Pvt. Ltd entered into Memorandum of Understanding to acquire Hatimara Tea Estate from Warren Tea Limited (BSE:508494) for INR 142 million on November 21, 2022, As on January 18, 2023 As on January 18, 2023 Warren Tea Limited (BSE:508494) entered into agreement to sale with Madhuting Tea Private Limited to sale Hatimara Tea Estate, Generated revenue of INR 94.6 million for financial year ending March 31, 2022. The transaction is conditional upon necessary due diligence being carried out by the Buyer in due course.

The transaction is expected to close by March 31, 2023. Shourya Sengupta of Khaitan & Co. acted as legal advisor to Dhunseri Ventures Limited.