1982 - The Company was Incorporated on 24th March. It was promoted
K.V.K. Raju and K.S. Raju.
- The Company's object is to provide lease finance,
finance, investment finance and management services.
1983 - 6,00,000 No. of equity shares subscribed for by promoters
9,00,000 No. of equity shares offered at par for public
subscription during May 1983.
1984 - The Company made an equity linked debenture issue for
No. of equity shares of Rs.10 each and 2,40,000 - 15% secured
redeemable debentures of Rs.100 each both for cash at par to
existing shareholders on a rights basis. The Company also had
option to retain upto 25% of the issue against
A part of this issue was offered to the Company's debenture
deposit holders. This issue was fully subscribed and the
and debentures allotted under this offer became effective
1st October, 1985. Additional 1,87,500 No. of equity shares
60,000 debentures were allotted to retain over subscription.
- 7,50,000 No. of equity shares offered to the equity
on a right basis in the prop. 1:2, linked with debentures.
1985 - Allotment of the equity shares completed in Oct. 1985.
additional shares issued to retain over subscription.
1990 - The Company entered the field of property development and had
some projects on hand for execution. Authorisation was
from the Securities and Exchange Board of India (SEBI) for
carrying out Merchant Banking activities and with this, a
separate Merchant Banking division was set up for issue
management, portfolio management etc.
- New branches were set up in Salem and Cochin.
- During May-June, the company offered 36,56,250 No. of equity
shares of Rs.10 each for cash at par on Rights basis in the
prop. 3:2 (all were taken up). Additional 5,48,420 No. of
shares were allotted to retain oversubscription.
- Simultaneously another 1,82,812 No. of equity shares were
to the employees under the Employees Stock Option Scheme
30,000 shares taken up). The unsubscribed portion of
shares was allowed to lapse.
- Authorised capital increased and reclassified 42,34,670 No.
equity shares allotted: 42,04,670 shares as Rights and 30,000
shares to employees.
1991 - A joint venture under the name Nagarjuna Securities Ltd. was
floated with Prudential Capital Markets Ltd. with an initial
capital of Rs.1 crores. The Capital was being raised to Rs.3
- The Company proposed to set up a 100%
growing and processing unit with an installed capacity of
tonnes per annum. The technology was being arranged and the
company also proposed to enter into a marketing tie-up with
leading importers in Europe and U.S.A.
1992 - Right equity shares issued in ratio of 1:1.
1994 - 1,94,805 No. of equity shares forfeited.
1995 - 12,00,000 No. of equity shares allotted on conversion of
at a prem. of Rs.24 per share to the promoters group.