Found in an article entitled
Kolkata-Based Kothari Group Sells Punjab Mill To Cedaar Textile
on https://www.vccircle.com/kolkata-based-kothari-group-sells-punjab-mill-to-cedaar-textile
This relating to events of 2020 during the Covid pandemic and describes Gillanders selling off assets
"Last year in February, it entered into an agreement for slump sale of one of its tea estates to Jutlibari Tea And Plantations LLP, Assam, for Rs 15.90 crore. In its annual report, the company stated that the sale was done “in order to reduce debts and improve the overall profitability”.
