Sale of Chalouni Tea Estate
Camellia Plc announced the sale of its Chalouni Tea Estate by its 74% owned Indian subsidiary, Goodricke Group Limited, for estimated gross proceeds of INR 190 million, approximately £1.47 million. This divestment aligns with the Company's Value Enhancement Plan to improve operational results and reduce risk.
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Further to the announcement on 7 April 2026, Camellia notes the disclosure by Goodricke Group Limited (a 74% owned Indian subsidiary of Camellia) on 21 May 2026 to the Bombay Stock Exchange of the execution of the sale agreement for its Chalouni Tea Estate. Gross proceeds are estimated at INR 190m (c. £1.47m). This sale is in line with the goal of improving operational results and reducing risk as set out in the Company's Value Enhancement Plan.
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