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Igarashi Motors > Company History > Electric Equipment > Company History of Igarashi Motors - BSE: 517380, NSE: IGARASHI
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Igarashi Motors

BSE: 517380|NSE: IGARASHI|ISIN: INE188B01013|SECTOR: Electric Equipment
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Company History - Igarashi Motors
CG Igarashi Motors Ltd. was incorporated as a Public Limited Company
 on January 10, 1992. The Company has been set up for manufacture of
 Permanent Magnet Micromotors. It is a joint venture between Crompton
 Greaves Ltd., Igarashi Electric Works Ltd., Japan and International
 Components Corporation, USA.
 
 
 2004
 
 -Igarashi Motors India Ltd (formerly, CG Igarashi Ltd) has bagged
 orders from global automotive majors such as Arvin Meritor, Bosch,
 Delphi, Visteon, Mikuni and Magneti Marelli.
 
 -The Company declared Dividend of 12%.
 
 2005
 
 -The Company recommended a dividend of 15%
 
 -The Name of the Company changed from CG Igarshi Motors Ltd. to
 Igarashi Motors India Limited and the trading symbol of the company
 changed from CGIGARSH to IGARASHI.
 
 2006
 
 -The Company Recommended a dividend of Rs 1.50 per equity share.
 
 2007
 
 -The Company has designated following dedicated email ID for
 redressal of investor grievances of the company. Email ID
 investorservices@igarashimotors.co.in 
 
 -The Company Declared Dividend of Rs 1.50 (i.e. @15%) per equity
 share of Rs 10/- each.
 
 2008
 
 -The Company has recommended a dividend of 15% for the year
 
 2013
 
 - Igarashi Motors India Ltd (Target Company) has  informed about Open
 Offer for acquisition of up to 7,954,036 Equity shares of Target
 Company of Rs. 10/- each at a price of Rs Rs. 65.00 per Offer Share
 aggregating to Rs. 517,012,340.00 (Offer Size) by Agile Electric Sub
 Assembly Pvt Ltd (Acquirer) together with Blackstone Capital Partners
 (Singapore) VI FDI Three Pte. Ltd. (PAC1) and BFIP (Cayman) VI-ESC FDI
 Three Ltd (PAC2) and Padmanaban Mukund (PAC3 and collectively, PAC1,
 PAC2 and PAC3, the PACs).
 
 - Igarashi Motors India Ltd has allotted 7,93,700 fully paid Equity
 Shares of Rs.10/- each pursuant to exercise of conversion of Employee
 Stock Options by the allottees under ESOP Scheme 2006. 
 
 2014
 
 - Igarashi Motors India Ltd has allotted 1,63,000 numbers of Equity
 Shares having face value of Rs. 10/- each to the employees of the
 Company (the allottee) as per ESOP Scheme 2006.
 
 - The Company recommended a final Dividend of Rs. 2/- per share (i.e.
 20%) on Equity Shares.
 
 
Source : Dion Global Solutions Limited
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