Grob Tea Buys Bazaloni's Assam Estates for ₹72 Crore
The Grob Tea Company took full ownership of Bazaloni Group's two Assam tea estates for ₹72.16 crore in cash, four months after the deal's original target date, folding one more traditional estate company into another as smallholders keep taking share from both.
The Grob Tea Company has completed an all-cash purchase of Bazaloni Group's two Assam tea estates for ₹72.16 crore, about $7.5 million at August 2026 exchange rates, giving it full ownership of the 1977-incorporated planter.
Grob acquired all 1,596,500 outstanding shares of Bazaloni, which becomes a wholly owned subsidiary, according to a regulatory disclosure the company filed under SEBI Regulation 30 and reported by ScanX. Grob Tea is listed on the National Stock Exchange of India and the Calcutta Stock Exchange.
The arithmetic is modest by the standards of Indian corporate deals and unremarkable by the standards of Assam. Bazaloni's two divisions, Rajgarhali and Bazaloni, span about 1,000 hectares and produce an estimated 3 million kilograms of CTC tea a year. Turnover for the year ending March 2026 was ₹52.78 crore, about $5.5 million, up from ₹49.99 crore a year earlier. Net profit was ₹6.88 crore. The company employs more than 4,000 people, which works out to roughly four employees per hectare, a labour intensity that is ordinary for estate tea and is the central fact of its cost structure.
The purchase price is therefore about 1.4 times Bazaloni's most recent annual turnover, and roughly ₹240 per kilogram of estimated annual output. Grob said the acquisition would expand its operations and strengthen its position in premium CTC tea, per the disclosure reported by ScanX.
Getting there took time. The memorandum of understanding was signed on Nov. 25, 2025, and the share purchase agreement on July 1, 2026, with the deal closing on July 28. It had originally been targeted to close by March 31, 2026. ScanX reported that procedural delays accounted for the roughly four-month gap, without specifying which.
India's small tea growers, holdings mostly under a few hectares that sell green leaf to bought-leaf factories rather than running estates of their own, accounted for around 15 percent of national production at the turn of the century. By the six months to September 2022 they accounted for 51.91 percent, according to Tea Board data reported by BizzBuzz. Grob and Bazaloni are both the older kind of producer, growing, plucking, and processing on land they own. This deal does not move either of them out of that category. It merges two of them into one, which is a different response to two decades of losing share, and one the figures cannot yet tell us much about.
Sources: Grob Tea completes ₹72.16 crore acquisition of Bazaloni Group, ScanX; Grob Tea Company signs agreement to acquire full stake in Bazaloni Group for ₹72.16 crore, ScanX; Small tea growers touch 51.91% of tea production, bigger players crying foul, BizzBuzz; Foreign Exchange Rates (H.10), Federal Reserve Board.