Naga Dhunseri Group Limited — Others, 10-12-2024: Shareholders meeting

Naga Dhunseri Group Limited has announced a board meeting to seek shareholder approval via postal ballot for two significant related party transactions with Dhunseri Investments Limited (DIL). The first involves acquiring 48,09,595 equity shares of Dhunseri Tea & Industries Limited (DTIL), representing approximately 45.77% of DTIL's capital, anticipated to cost around INR 126.73 crore. The second transaction is the sale of 30,78,759 equity shares of Dhunseri Ventures Limited (DVL), approximating a value of INR 142.15 crore. These transactions aim to consolidate the company's interests in the tea business and reorganize its investment portfolio, presenting a positive outlook for operational focus and market positioning. Remote e-voting will take place from December 12, 2024, to January 10, 2025.