I was holding shares on behalf of Borelli Tea Holdings which is 100 percent subsidiary of McLeod under Trust, so have sold those shares in open market, said Kamal Baheti in an interview to CNBC-TV18.

FY17 tea exports to be lower than last fiscal: Mcleod Russel

Tea prices are expected to be higher in the new season, said Kamal Baheti, CFO of Mcleod Russel. Increased prices will benefit the overseas operations most.

Good crop, demand to boost tea prices by 5-10%: McLeod Russel

Going forward there is an expectation of prices firming up with an increase in demand but as of now, there has been no price increase, said Kamal Baheti, CFO, McLeod Russel.

Tea price hike to help margins rise to 13-14% in FY17: McLeod

The tea companies have seen their costs rise over the last two years. This increase in costs is led by hikes in wages, says Baheti.

Expect 15-20% higher tea prices in new season: McLeod Russel

Considering supply shortages, good demand and firm closing prices during the last season (higher by Rs 20-25 per kg), tea prices are expected to be strong in the upcoming auction, says Kamal Baheti, CFO of McLeod Russel in an interview to CNBC-TV18.

See 15% plus rise in tea prices in 2016: McLeod Russel

Kamal Baheti, CFO of McLeod Russel says increase in prices will not boost profitability in the current fiscal.

Kenyan drought to help boost tea exports: McLeod Russel

The drought situation in Kenya would help boost McLeod‘s exports back to 20-22 million kilograms compared to last year‘s13-14 million kilograms, says CFO Kamal Baheti.

Green tea biz poised for strong growth: McLeod Russel

On expectations from the black tea segment, Kamal Baheti, chief financial officer, McLeod Russel says a 5-10 percent price hike is likely as the tea season begins soon.

Target over 20% topline growth in FY14: McLeod Russel

Kamal Baheti, chief financial officer, McLeod Russel hopes to achieve over 20 percent topline growth in FY14.

Tea prices may rise further by Rs15-20/kg: Mcleod Russel

Kamal Baheti, CFO, Mcleod Russel expects tea price to rise by Rs 15-20 per kilogram going forward.

Tea prices will continue to remain high next year: McLeod

Kamal Baheti, CFO, McLeod Russel, says that he expect prices will continue to high next year. He expect both the top-line and bottom-line to increase going forward.

See strong tea prices for remaining season: McLeod Russel

Kamal Baheti, chief financial officer, McLeod Russel says normally, the fourth and third quarter are little overpriced as compared to the first and second quarter because the quality of the tea at the end of the season is a bit lower. "For the rest of the season, we expect strong prices to continue," he adds.

See tea prices rising by 15-20% ahead: McLeod Russel

Kamal Baheti, CFO of McLeod Russel told CNBC-TV18 that shortfall in tea production for the rest of the year was unlikely to get covered. He expects tea prices increase of Rs 25-30/kg to continue for the rest of the year.

McLeod Russel eyes acquisition opportunities in Africa

In an interview with CNBC-TV18, Kamal Baheti, CFO of McLeod Russel said the company is considering opportunities for acquisition in Africa.

To up production from existing plants by 5%: McLeod Russel

Kamal Baheti the CFO of McLeod Russel says he is quite keen to make further acquisitions in India and in overseas locations like Africa.

Internal accruals to fund Rwanda acquisition: McLeod Russel

Chief financial officer of McLeod Russel, Kamal Baheti tells CNBC-TV18that they plan to fund the acquisition of two Rwanda tea plantations via internal accruals.

Indian tea production to hit record high: McLeod Russel

Speaking to CNBC-TV18, chief financial officer of McLeod Russel, Kamal Baheti says that he expects Indian tea production to hit a record high of 990 million kgs this year.

McLeod Russel expects $2m revenue from Rwanda acquisition

McLeod Russel just completed 60% acquisition of a Rwandan tea company. Aditya Khaitan, managing director of the company spoke to CNBC-TV18 about this and the way forward for the company.

Will cross Rs 1400cr in revenue this yr: McLeod Russel

In an interview with CNBC-TV18, Aditya Khaitan, the managing director of McLeod Russel talks about the latest happenings in his company and sector. He also outlines the company’s growth strategy for the rest of the year.

Profitability in Q3 will mirror in sales: McLeod Russel

In an interview with CNBC-TV18, Kamal Baheti says prices have come off a little due to a ramp up in production in north India.

McLeod Russel sees tea production up by 4 million kg

Aditya Khaitan, managing director of McLeod Russel joins CNBC-TV18 to give an overview of what is happening in the tea space and specifically, his company.

Positive margins will touch 33-35% this year: Mcleod Russel

In an interview with CNBC-TV18, Kamal Baheti, CFO of Mcleod Russel said that trying to sustain last year's 28% margin would be a challenge since tea is a seasonal industry.

Expecting 8% increase in tea output in FY12: McLeod Russel

Aditya Khaitan, Managing Director, McLeod Russel tells CNBC-TV 18 that he expects the price of quality tea to go up by approximately 10-12%, and other types of tea by 5-7%.

Mcleod Russel sees new tea deal adding $8m to revenues

Speaking to CNBC-TV18, Kamal Baheti, CFO of McLeod Russel said," This will add just around USD 7-8 million to the topline, and around USD 3 million to bottom at EBITDA level.

Indian tea prices to increase by 5-7% this year: McLeod

Speaking to CNBC-TV18’s Udayan Mukherjee and Mitali Mukherjee, Aditya Khaitan, MD of McLeod Russel said he expects tea prices to firm up ahead. "India is running on inventory levels right now," he informs.