Net 4 India
BSE: 532912|NSE: NET4|ISIN: INE553E01012|SECTOR: Computers - Software Medium/Small
155.85
1.95 (1.27%)
VOLUME 11,413
156.00
2.2 (1.43%)
VOLUME 24,896
| Company History - Net 4 India |
1985 - Net 4 India Ltd was incorporated on November 29 1985 as a
internet service provider, under the provisions of Companies act 1956
as Mangla Chemicals ltd.
1994 - The name of the company was changed to Trident Developers Ltd
with fresh certificate of incorporation on 25th April 1994.
1998 - The name of the company was again changed to Amulet Developers
Ltd
2000 - The company had assigned Rs. 700 million for the investment
in India in 2000, out of which Rs150 million had been planned to be
used to acquire firms with related business opportunities.
2001 - Finally name of the company was changed to its current name
Net 4 India Ltd through fresh certificate of incorporation dated 28th
February 2001.
2003 - The company had launched the calling card 'Phonewala
International Travelers Card' for the people traveling abroad. With
this the company had become first company to offer this service in
India.
2005 - The company had offered in country domain names at an annual
fee of Rs.800 per name, where as Rs. 50 from each registration was
planned to be donated to the tsunami relief fund.
- The company had filed its offer document for offer for sale to
comply with the continuous listing guidelines of SEBI. The offer
constitutes 12.75% of the paid up capital of the company.
2007 - On 13th November 2007, board of directors of the company had
approved the issue of 5,00,000 shares of Rs 10 each for cash at a
premium of Rs. 90 per share to M/s. Bennett Coleman & Company on
preferential basis.
2008 - Members of the extraordinary general meeting on 8th February
had approved to allot 3542000 shares and 1000000 convertible warrants
on a preferential basis.
- On the same date they also approved to increase the authorized
capital of the company from Rs. 20 crore to Rs. 25 crore.
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| Source : Dion Global Solutions Limited |
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