McLeod Russel India has completed the sale of the equity stake held by Borelli Tea Holdings, UK (Borelli), the Wholly Owned Subsidiary of the Company in Gisovu Tea, Rwanda (Gisovu), being 60% of the Paid up Capital of Gisovu, in terms of the Memorandum of Understanding (MOU) signed between Borelli and Rwanda Tea, UK on March 26, 2019 by virtue of completion of the Share Transfer Process. In view of the above, Gisovu has ceased to be a Subsidiary of Borelli and Step-Down Subsidiary of the company.
McLeod Russel India is a holding company. The company is engaged in manufacturing of tea in India.
