Business
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. Disclaimer*
About this update from Camellia Plc
[{"type":"text","content":"\n\n22 May 2026\nCamellia Plc\n('Camellia', the 'Company')\nSale of Chalouni Tea Estate\n \nFurther 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.\n \nEnquiries:\nCamellia Plc 01622 746655 / [email protected]\nByron Coombs, Chief Executive\nOliver Capon, Chief Financial Officer \nPanmure Liberum (Nominated Adviser and Broker) 020 7886 2500 \nEmma Earl / Will Goode\nRupert Dearden \nEquitory Limited (Investor Relations) 07909918034\nCatherine Miles\nH/Advisers Maitland (Financial PR) 07785 292617 \nWilliam Clutterbuck \nInvestors can register to receive updates and news from the Company by registering their email address at [email protected].\n \nAbout Camellia:\nCamellia Plc is the ultimate holding company of a grou...