Ganges Securities Limited (GSL), part of the K K Birla Group, was established on March 30, 2015, primarily to invest in securities and immovable properties, and operates as an Unregistered Core Investment Company under RBI guidelines. In 2016-17, a Composite Scheme of Arrangement facilitated the transfer of tea garden and investment business undertakings from Upper Ganges Sugar & Industries Limited to GSL. This scheme also resulted in Cinnatolliah Tea Limited and Uttar Pradesh Trading Company Limited becoming wholly owned subsidiaries.
GSL issued 10,003,687 equity shares to Upper Ganges Sugar & Industries Ltd's shareholders and received 26,125,396 shares from Cinnatolliah Tea Limited as part of the arrangement. The company's strategic focus on investments and its alignment with group companies positions it as a key player within its sector, leveraging its subsidiaries to manage diversified business interests effectively.
