Gillanders Arbuthnot and Company has decided to invest an amount of $4,00,000 by subscribing to 4,00,000 numbers of fully paid up equity shares of $1 each, at par, of Gillanders Holding (Mauritius), a wholly owned foreign subsidiary of the company. The board of directors of the company at its meeting held on August 31, 2017 has approved for the same.
Gillanders Arbuthnot and Company manufactures and markets various flavors of tea. The company also provides services in structural engineering, steel fabrication, turnkey projects, and other engineering works.
