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Mcleod Russel India Ltd
Business  /  Published 02.10.21

Khaitans raise stake

The Khaitans are trying to claw back control in India’s largest tea planter McLeod Russel India Ltd by scooping up shares from the bourses. The family acquired 5.74 per cent shares of the compa...
By Sambit Saha in Calcutta

Business  /  Published 04.09.21

McLeod out of insolvency

India’s largest tea planter McLeod Russel India Ltd has come out of the clutches of insolvency after a bench of the company law tribunal allowed an application for withdrawal of the case against...
By Sambit Saha in Calcutta

Business  /  Published 27.08.21

McLeod fate hangs in balance

The National Company Law Appellate Tribunal has admitted an application filed by Aditya Khaitan, the promoter of tea planter McLeod Russel India Ltd (MRIL), seeking a stay on the formation of a commit...
By Our Special Correspondent in Calcutta

Business  /  Published 21.08.21

McLeod case before NCLAT

Aditya Khaitan, promoter of McLeod Russel India, has challenged the National Company Law Tribunal’s order to start insolvency proceedings against the country’s largest bulk tea producer. ...
By Sambit Saha in Calcutta

Business  /  Published 07.08.21

McLeod Russel faces bankruptcy

India’s largest bulk tea producer McLeod Russel India Ltd (MRIL) has been admitted for insolvency proceedings on Friday for defaulting on the repayment of a Rs 100 crore loan. The company, prom...
By Sambit Saha in Calcutta

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Business  /  Published 15.09.20

McLeod Russel loss at Rs 90cr in 1st quarter

Bulk tea producer McLeod Russel India Ltd has suffered a first-quarter loss of Rs 90.52 crore compared with a loss of Rs 11.64 crore a year ago.  The June quarter of last fiscal included an exce...
By Our Special Correspondent in Calcutta

Business  /  Published 29.06.20

Khaitan lenders offload shares

Taking advantage of a recent spurt in the stock prices of three frontline manufacturing companies of Calcutta’s Khaitan family, lenders have started invoking pledged shares again.DMI Finance Private...
By Sambit Saha in Calcutta

Business  /  Published 19.02.20

McLeod Russel fails to repay loan

Embattled bulk tea producer McLeod Russel has disclosed that it has defaulted in servicing loans worth Rs 1,187.09 crore at the end of the third quarter.In a communication to the stock exchanges, the ...
in Calcutta

Business  /  Published 21.07.19

Deloitte drops Magor duo audit jobs

Deloitte Haskins & Sells has resigned as the statutory auditors of McLeod Russel India Ltd & McNally Bharat Engineering Co Ltd, weeks after raising a stink on the annual financial statements o...
By Sambit Saha in Calcutta

Business  /  Published 28.10.19

Khaitan control wanes

Promoters’ holding in two key manufacturing companies of Williamson Magor Group — Eveready Industries and McLeod Russel India Ltd — witnessed a sharp decline in the first six months of the fisc...
By Sambit Saha in Calcutta


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