Borelli Tea Holdings Limited (BTHL), the wholly owned subsidiary of the Mcleod Russel India Limited has decided to dispose of its entire shareholding in Gisovu Tea Company Limited, Rwanda, a Subsidiary Company and 50% of the equity shares held by it in Pfunda Tea Company Limited, Rwanda, another Subsidiary Company subject to due diligence by the proposed buyer and necessary approvals and for the said purpose BTHL, as the seller, and the Company, as the confirming party, have entered into separate Memorandum of Understandings with the proposed buyer namely, Rwanda Tea Investments Limited, having Registered Office at Blenheim House, Fountainhall Road, Aberdeen, AB15 4DT.