In Rwanda
Mcleod Russel India announced that Borelli Tea Holdings, the wholly owned subsidiary of the Company has agreed in principle to sign a Share Purchase Agreement with LAB International Ltd., U.K. for acquisition of its 90% shares held in Pfunda Tea Company, Rwanda, engaged in tea plantation and manufacturing activities for the aggregate sum of US$ 19,500,000. On completion of the deal in terms of the Share Purchase Agreement, Pfunda Tea Company, will become a step-down subsidiary of the Company.Powered by Capital Market - Live News