Grob Tea Completes Acquisition of Bazaloni Group for ₹72.16 Crore
The Grob Tea Company Limited announced the successful completion of its acquisition of 100% equity shares of Bazaloni Group Limited for ₹72.16 crore on July 28, 2026. Bazaloni Group, a tea manufacturer, reported a turnover of ₹52.78 crore and net profit of ₹6.88 crore for FY26. The acquisition aims to expand Grob Tea's operations and profitability.
The acquisition of a company with significant operations and a substantial turnover will likely have a considerable impact on Grob Tea's overall business, market presence, and financial performance.
The acquisition of a wholly-owned subsidiary is a strategic move expected to enhance growth, revenue, and profitability, indicating a positive development for the company.
The Grob Tea Company Limited has successfully completed the acquisition of 100% of the equity share capital of Bazaloni Group Limited. This strategic move, finalized on July 28, 2026, makes Bazaloni Group Limited a wholly-owned subsidiary of The Grob Tea Company Limited.
The acquisition was undertaken pursuant to a Share Purchase Agreement executed on July 1, 2026. The objective behind this acquisition is to expand and strengthen the company’s business operations, enhance growth, revenue, and profitability, and gain exposure to further expand its presence in the Tea Industry.
Bazaloni Group Limited, incorporated on June 30, 1977, is primarily engaged in the business, manufacture, and sale of Tea. It operates the Bazaloni Tea Estate, which includes two divisions, Rajgarhali and Bazaloni, spread over approximately 1000 hectares. The company is known for producing premium C.T.C. teas, with an estimated annual production of around 3 million kilograms. For the financial year ended March 31, 2026, Bazaloni Group Limited reported a turnover of ₹52.78 crore and a net profit of ₹6.88 crore.
The total consideration for the acquisition was paid in cash, amounting to ₹72,16,18,000 (Rupees Seventy-Two Crore Sixteen Lakhs Eighteen Thousand Only). This transaction does not fall within the ambit of related party transactions. The acquisition was completed on July 28, 2026, as per the indicative timeline.
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The Grob Tea Company Limited filed this with the NSE as a statutory disclosure, categorised under acquisition. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by The Grob Tea Company Limited. Read the original for the full detail.