Naga Dhunseri Group Limited (NDGL), a Kolkata-based investment company, has acquired a 45.77% stake in Dhunseri Tea & Industries Limited (DTIL) by purchasing 48,09,595 equity shares from Dhunseri Investments Limited (DIL). The transaction complies with Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

The disclosure was made on March 11, 2025, and officially submitted to both BSE Limited (BSE) and the National Stock Exchange of India (NSE), ensuring compliance with SEBI’s regulatory framework for substantial share acquisitions.

Details of the Acquisition

• Acquirer: Naga Dhunseri Group Limited (NDGL)
• Seller: Dhunseri Investments Limited (DIL)
• Target Company: Dhunseri Tea & Industries Limited (DTIL)
• Number of Shares Acquired: 48,09,595 equity shares
• Percentage of Total Share Capital: 45.77%
• Regulatory Compliance: SEBI (SAST) Regulations, 2011

This acquisition significantly increases NDGL’s stake in DTIL, reinforcing its strategic position in the Indian tea industry and strengthening its influence in the management and decision-making processes of DTIL.

Implications of the Acquisition

1. Strengthened Market Position
   With this acquisition, Naga Dhunseri Group enhances its stakeholding in DTIL, positioning itself as a dominant force in the tea production and export sector.

2. SEBI Compliance & Regulatory Transparency
   The deal has been formally disclosed to BSE and NSE, following SEBI’s Substantial Acquisition of Shares and Takeover (SAST) Regulations, ensuring transparency for investors and regulatory authorities.

3. Strategic Investment in Tea Industry
   The Indian tea industry is a significant segment within the agricultural and export sector. This acquisition reflects NDGL’s long-term investment strategy to consolidate its presence in tea production, processing, and exports.

Official Disclosure to Stock Exchanges

In compliance with SEBI regulations, the disclosure has been submitted to:

• BSE Limited (P. J. Towers, Dalal Street, Mumbai – 400001)
• National Stock Exchange of India Limited (NSE) (Exchange Plaza, Bandra-Kurla Complex, Mumbai – 400051)

Additionally, a copy of the disclosure has been sent to Dhunseri Tea & Industries Limited, headquartered at Dhunseri House, 4A Woodburn Park, Kolkata – 700020.

Regulatory & Corporate Compliance

The acquisition falls under Regulation 29(2) of SEBI (SAST) Regulations, 2011, which mandates that any acquisition of more than 5% of voting rights in a listed company must be disclosed to stock exchanges. NDGL has followed all necessary legal formalities to ensure compliance with these regulations.

Future Outlook & Market Impact

• Investor Confidence: The deal strengthens NDGL’s financial position and operational control over DTIL, potentially leading to increased investor confidence in both companies.
• Operational Synergies: By consolidating its stake in DTIL, NDGL is expected to streamline business operations, optimize production, and improve export capabilities.
• Stock Market Reaction: The acquisition could lead to fluctuations in DTIL’s stock price as investors react to the change in shareholding patterns.

Conclusion

The 45.77% stake acquisition in Dhunseri Tea & Industries Limited marks a strategic milestone for Naga Dhunseri Group Limited. This move reflects NDGL’s commitment to long-term growth and expansion within the tea industry while ensuring compliance with SEBI regulations.

The official filing with BSE and NSE underscores NDGL’s transparency and adherence to financial governance, setting a strong precedent for future investments and acquisitions in the sector.

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