Gillanders Arbuthnot & Company has signed a Share Purchase Agreement (SPA) for purchase of 100 per cent fully paid up equity shares of Group Development, Malawi (GDL). GDL has three wholly owned subsidiaries in Malawi, which are engaged in the business of growing, production and sale of tea, macadamia and other crops.
The actual transfer of shares in the name of the Company is subject to due diligence and completion of other formalities, which are stipulated in the Share Purchase Agreement.
Gillanders Arbuthnot has a rich heritage intricately linked with the undivided British India. The company started its corporate journey in the year 1819 when F M Gillanders and G C Arbuthnot formed a partnership firm under the name Gillanders Arbuthnot & Co.
