Kolkata: The Moran Tea Company (India ) Ltd no longer exists. The process of its merger into McLeod Russel became complete last Friday when McLeod Russel filed with the Registrar of Companies the certified copy of the order passed by Calcutta High Court on April 16, 2008, approving the scheme of amalgamation.
According to the scheme of amalgamation, the shareholders of Moran Tea will get four McLeod Russel shares of Rs 5 each for every share of Rs 10 Moran Tea held. The erstwhile Moran Tea had four gardens, all in Assam, with a total production of 4.2 million kg.
Following amalgamation, the total number of gardens under McLeod Russel will rise to 55 and the total production to 75 million kg, according to a spokesman for McLeod Russel.
According to the scheme of amalgamation, the shareholders of Moran Tea will get four McLeod Russel shares of Rs 5 each for every share of Rs 10 Moran Tea held. The erstwhile Moran Tea had four gardens, all in Assam, with a total production of 4.2 million kg.
Following amalgamation, the total number of gardens under McLeod Russel will rise to 55 and the total production to 75 million kg, according to a spokesman for McLeod Russel.
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