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Outcome of board meeting of AVT Natural Products

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Capital Market

Held on 20 October 2014

AVT Natural Products announced that the Board of Directors of the Company at its meeting held on 20 October 2014, inter alia, has taken the following decisions:

1. Closure of AVT Natural, Singapore, a wholly owned subsidiary Company due to changed international market conditions.

2. AVT Tea Services, a wholly owned subsidiary of the Company in the United Kingdom, has set up a subsidiary Company in the United States of America, under the name AVT Tea Services North America, LLC. to cater to the American market.

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First Published: Oct 20 2014 | 12:51 PM IST

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