Williamson Magor & Company has disposed off its 51% shareholding in each of its 100% subsidiaries i.e. Woodside Parks and Majerhat Estates & Developers consequent to which the aforesaid two companies have ceased to be the subsidiary companies with effect from the said date i.e. from March 19, 2013.
The company had earlier in January 25, 2013 received board approval to sell 51% shareholding of the company in its subsidiaries i.e. Woodside Parks and Majerhat Estates & Developers.
Williamson Magor & Company produces an output of 30 million Kg of tea per year from its 23 tea estates in Assam and 5 million Kg from its 5 tea estates in Dooars.
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