Williamson Magor & Company raises Rs 100 crore on private placement basis

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Williamson Magor & Company has raised Rs 100 crore on Private Placement Basis. The Committee of Allotment of Debenture of the Board of Directors of the company approved allotment of 1000 Secured Redeemable Non-Convertible Debenture (NCD) of face value of Rs 10 lakh each aggregating to Rs 100 crore on Private Placement Basis.

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Williamson Magor & Company is the world’s largest producer of tea, having 28 tea estates with an output of 35 million Kgs of tea per year.The group is well established in the bulk tea selling network, both at home and overseas.