The Peria Karamalai Tea & Produce Company Limited — JV/Acquisition, 25-04-2026: Acquisition

The Peria Karamalai Tea & Produce Co Ltd (PKTEA) announced it will hold approximately 14.9% of Maharaja Shree Umaid Mills Limited (MSUM) post-amalgamation. This follows the merger of Placid Limited into MSUM, where PKTEA previously held a stake. PKTEA will receive 4.82 crore equity shares of MSUM (₹10 face value each). MSUM, a diversified company in Textiles, Renewable Energy, and Finance, reported a FY25 turnover of ₹599.88 Cr and PAT of ₹45.51 Cr. This move positions PKTEA with a significant stake in a multi-industry conglomerate, shifting its investment portfolio.