Mcleod Russel India’s wholly owned subsidiary -- Borelli Tea Holdings (BTHL) has decided to dispose of its entire shareholding in Gisovu Tea Company, Rwanda, a subsidiary company and 50% of the equity shares held by it in Pfunda Tea Company, Rwanda, another subsidiary company.
The disposal is subject to due diligence by the proposed buyer and necessary approval and for the said purpose BTHL, as the seller, and the company, as the confirming party, have entered into separate Memorandum of Understandings with the proposed buyer namely, Rwanda Tea Investments.
McLeod Russel India is a holding company. The company is engaged in manufacturing of tea in India.
