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Gillanders Arbuthnot to invest $5,30,000 in wholly owned foreign subsidiary

31 Jul 2018 Evaluate

Gillanders Arbuthnot & Company has decided to invest an amount of $5,30,000, by subscribing to 5,30,000 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 on July 30, 2018, decided the same.

Gillanders Arbuthnot & Company’s business interests cover areas of tea, textile, chemicals, paints, real estate etc.

Peers
Company Name CMP
Grasim Industries 3139.85
DCM Shriram 897.50
3M India 28841.20
Hindustan Foods 567.10
Balmer Lawrie & Co 164.20
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