Carbon Resources says in 'open-ended discussion' for Khaitans' tea business

'Everything on the table' Abhishek Jalan of Carbon Resources about negotiations

Jalan-owned Carbon Resources has covered a lot of ground in less than a financial quarter: from making a hostile bid for the country’s largest bulk tea producer, McLeod Russel India, to becoming a potential white knight.

“We are in talks with the Khaitans for a cooperation arrangement. We decided that it would be in the interest of everyone and the debt issue might get resolved faster,” said Abhishek Jalan, director, Carbon Resources, which manufactures inputs for ferro alloys, steel and aluminium industries.

“It is an open-ended discussion and everything is on the table,” said Jalan on the contours