Calcutta, Oct. 30: George Williamson (Assam) Limited has decided to acquire Nilpur Tea Company in Assam its first acquisition since it parted ways with the B. M. Khaitan group two years ago.
The company has decided to acquire 14,885 equity shares of Rs 100 each of Nilpur Tea Company at Sonitpur in Assam out of the issued 15,000 equity shares of Rs 100 each. Nilpur has one tea estate in Assam.
George Williamson already has 17 tea estates in Assam with a total production of 21.36 million kg.
P. K. Gangulee, wholetime director of the company, said, We have decided to acquire the tea estate. I am not able to comment anything more at this juncture.