Tolani Bulk Carriers
BSE: 500419|NSE: TOLANIBULK|ISIN: INE051C01011|SECTOR: Shipping
Tolani Bulk Carriers is not traded in the last 30 days
Tolani Bulk Carriers is not traded in the last 30 days
- Quote
- CHARTS
- NEWS
- COMMENTS
- ANNOUNCEMENTS
- CORPORATE ACTION
- FINANCIALS
- ANNUAL REPORT
- SHAREHOLDING
- PEERS
- COMPANY INFO
- ALERTS
- Widgets
- BROKER
RESEARCH
Track Tolani Bulk on the go with the moneycontrol app
Company History - Tolani Bulk Carriers | |
YEAR EVENTS 1991 - The Company was Incorporated on 5th July and obtained the Certificate of Commencement of Business on 27th August. It was formed with the object of owning and operating ships for transport of bulk cargoes by Sea. It commenced its operations by acquiring in September, two second hand bulk carriers M V Prabhu Satram and M V Prabhu Puni from its holding company viz. Tolani Shipping Co. Ltd. However, in June/July 1993, they were disposed of being very old and having exceeded the economic life. They purchased M V Prabhu Gopal from their parent company. - The Company was promoted jointly by Tolani Ltd. and Tolani Shipping Co. Ltd. The Main object of the Company is Shipping. - The Company undertook to acquire a modern second hand bulk carrier between 25,000 - 45,000 dwt equipped with 25 tonne cranes suitable for the carrying of coal, ores, grains etc. It would be primarily used for India's export and import grades. - The Company took delivery of 1991 built 43,469 dwt bulk carrier M V Big Glory, at a price of US .20 million. It was renamed `Prabhu Mihika'. 1995 - The Company acquired a handmax bulk carrier. - 167,50,000 shares alloted to promoters, directors etc. 10,00,000 shares issued to SCICI Ltd. 62,50,000 No. of equity shares of Rs.10 each were then issued at par in July, 1994 of which 2,10,000 shares reserved for allotment on a firm basis to promoters, directors etc. Of the remaining 40,000 shares reserved for allotment on a preferential basis to employees (only 32,800 shares taken up). Balance 60,00,000 shares along with 7,200 shares not taken up by employees, were issued to the public (all were taken up). 1998 - The Company negotiated the purchase of a 1994, 43,648 dwt bulk carrier, jointly with its parent company with 20% of the ownership with the company and the balance with the holding company. It was renamed as `Prabhu Yuvika'. 2000 - High Court of Mumbai has approved the demerger and transfer of Shipping Business of Tolani Ltd. (TL) into its wholly owned subsidary, Tolani Shipping Co. Ltd. As part of transfer of demerged undertaking of TL, 35,74,400 equity shares representing 14.89% of the company's paid-up capital held by TL will stand transferred to TSCL. - Resignation of Mr. R. Kumar as Manager and Secretary effective from 1st August, and appointed of Mr. Venkatachalam as Manager and secretary and also compliance officer of the company effect from 1st August. | |
![]() | |
Source : Dion Global Solutions Limited | |
![]() |
Quick Links for Tolani Bulk Carriers
Related Searches
Tolani Bulk Carriers Stock Price, Tolani Bulk Stock Quote, Tolani Bulk Results , Tolani Bulk News ..
More »
Follow moneycontrol
Explore Moneycontrol
Mutual Funds
A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z
Live Sensex | Public Sector Banks | Market Statistics | Plan Insurance | Global Market | Business News | Mutual Fund | Best Portfolio Manager | Bse Sensex | Nse Nifty | Commodities Price | Silver Price/Rate in India | Gold Price/Rate in India | Crude Oil | USD to INR | Bank Fixed Deposits | Company Fixed Deposits | Small Savings Schemes | Bonds |
Budget 2018 | Tax Calculator | RBI Credit Policy | News Archive | FAQs | Financial Glossary | Message Board | Moneybhai | Think India | History India | Latest News | IBNLive News | News in Hindi | Cricket News | Online Study Material | India News |Restaurants in Chennai | Online Shopping in India | Cairn India | Euro | Infosys | Inflation | Silver | Glenmark Pharmaceuticals | Snapdeal | Starbucks | Narendra Modi | Crore
| Rss Feeds
Site Map | About Us | Contact Us | Advertise | Bookmark | Disclaimer | Privacy Statement | Terms of Use | Careers
Copyright © e-Eighteen.com Ltd. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of moneycontrol.com is prohibited.