MCLEOD RUSSEL INDIA LTD. - Updates on Subsidiary

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21 Oct 2014
Mcleod Russel India Ltd has informed BSE that Borelli Tea Holdings Limited, the wholly owned subsidiary of the Company has agreed in principle to sign a Share Purchase Agreement with LAB International Ltd., U.K. for acquisition of its 90% shares held in Pfunda Tea Company Ltd., Rwanda, engaged in tea plantation and manufacturing activities for the aggregate sum of US$ 19,500,000. On completion of the deal in terms of the Share Purchase Agreement, Pfunda Tea Company Ltd., will become a step-down subsidiary of the Company.
View all announcements for MCLEOD RUSSEL INDIA LTD.	Source: BSE India

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