Grob Tea Completes Acquisition of Bazaloni Group for ₹72.16 Crore
The Grob Tea Company Limited has finalized the acquisition of 100% equity shares of Bazaloni Group Limited for ₹72.16 crore. This strategic move aims to expand operations and enhance profitability. Bazaloni Group, a tea manufacturer, reported a turnover of ₹52.78 crore and a net profit of ₹6.88 crore as of March 31, 2026.
The acquisition represents a significant strategic move for the company, involving a substantial cash consideration and the integration of a new business entity, which is expected to have a considerable impact on the company's overall operations and financial performance.
The acquisition of a wholly-owned subsidiary is a strategic business expansion, expected to enhance growth, revenue, and profitability.
The Grob Tea Company Limited has successfully completed the acquisition of 100% of the equity share capital of Bazaloni Group Limited, as announced on July 28, 2026. This follows the execution of Share Purchase Agreements on July 1, 2026. Consequently, Bazaloni Group Limited has become a wholly-owned subsidiary of The Grob Tea Company Limited, effective from July 28, 2026.
Bazaloni Group Limited is primarily engaged in the manufacture and sale of tea, with an authorized share capital of ₹4,00,00,000 and a paid-up share capital of ₹1,59,65,000. As of March 31, 2026, the company reported a turnover of ₹52.78 crore and a net profit of ₹6.88 crore. The acquisition was not a related party transaction and is intended to expand and strengthen The Grob Tea Company's business operations, enhancing growth, revenue, and profitability.
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). The Grob Tea Company acquired all 15,96,500 equity shares of Bazaloni Group Limited, representing 100% of its shares. Bazaloni Tea Estate, part of Bazaloni Group Limited, is located in Assam and is a significant producer of premium C.T.C. teas, with an estimated production of around 3 million kilograms annually. The company was incorporated on June 30, 1977.
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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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