Kanco Tea & Industries has received an approval to form a wholly owned subsidiary of the company. The board of directors at their meeting held on March 09, 2015 has approved for the same.
The company’s main line of business is manufacturing and selling of black teas. The market value of certain share has appreciated many times and therefore it’s prudent that a wholly owned subsidiary be formed for better monitoring and supervision of the said share.
Further, the name - Winnow Investments and Securities has been approved by the Registrar of Companies, Kolkata.