Camellia (LSE:CAM) has agreed the sale of the Chalouni Tea Estate through Goodricke Group, its 74%‑owned Indian subsidiary.
The disposal, first announced on 7 April and disclosed by Goodricke to the Bombay Stock Exchange on 21 May, is being made under Camellia’s Value Enhancement Plan intended to improve operational results and reduce risk, and comes from Camellia, the ultimate holding company of a group of agricultural businesses operating across seven countries.
Goodricke has estimated gross proceeds from the sale at INR 190m, approximately £1.47m.
The company said the sale aligns with its wider programme of portfolio optimisation and operational improvement.
