At meeting held on 09 March 2015
Kanco Tea & Industries announced that the Board of Directors of the Company at its meeting held on 09 March 2015, has decided to form a Wholly Owned Subsidiary of Kanco Tea & Industries. The rationality for formation of Wholly Owned Subsidiary is as follows:The Company's main line of business is manufacturing and selling of black teas. The market value of certain share has appreciated many times and therefore it's prudent that a wholly owned subsidiary be formed for better monitoring and supervision of the said share.
The name - Winnow Investments and Securities has been approved by the Registrar of Companies, Kolkata.
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