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Mcleod Russel India acquires tea factory in Vietnam

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Capital Market

On 25 June 2014

Mcleod Russel India announced that Phu Ben Tea Company, a step down subsidiary of the Company in Vietnam has signed an Agreement on 25 June 2014 with Ngoc Hai Company for acquisition of a factory in Doan Hung District, Phu Tho Province, Vietnam with annual production capacity of 12 Lakh kgs. of made Tea at a price of USD 2,093,700 inclusive of VAT.

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First Published: Jun 25 2014 | 7:48 PM IST

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