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Mac Charles (India) > Company History > Hotels > Company History of Mac Charles (India) - BSE: 507836, NSE: N.A
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Mac Charles (India)

BSE: 507836|ISIN: INE435D01014|SECTOR: Hotels
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Company History - Mac Charles (India)
YEAR                       EVENTS
 1979 - The company was incorporated on 28th October.  The important
 object of the company
              was to set up a five star Hotel at Bangalore.
 
 1987 - The company's authorised capital was  increased from 6 crore
 to 8 crores.
 
           - The foreign collaboration of the company is Holiday Inn.
 Inc. ; a Division of BASS PLC
              London.
 
            - Kapi Investment Inc Limited, Isle of Man, is the holding
 company of Mac Charles (India)
              Limited.
 
 1991 - It held 2,807,300 equity share of the total 48,75,000 equity
 shares forming the issued, 
             subscribed and paid up capital of the company  as on 31st
 March.
 
 1997 - The Company has finally signed the franchise agreement with Le
 Meridien for the 
              next 10 years with effect from 1st July.
 
 2000 - The promoters of the company have bought back 2,00,000 shares
 of Rs. 10/- each
              of the company held by IDBI @ Rs. 30/- per share.
 
 2001 - The Company has acquired 39.67 per cent equity shares
 (1,19,02,107 No. of equity
              shares of Rs 10 each) of the total issued and paid-up
 eqity share capital of 3,00,00,000
              equity shares of Rs 10 each of Bramha Bazaz Hotels Ltd,
 Pune, which owns Hotel Le
              Meridien, Pune.
 
 2002- Mac Charles (India) acquires 100% stake in two private
 companies.
           1. Vaswani Properties Pvt. Ltd. - 90000 equity shares of
 Rs.10/- each
           2. Vaswani Investments and Holdings Pvt. Ltd. - 50000
 equity shares of Rs.10/- each.
 
 2011
 
 -Mac Charles has given the Bonus in the Ratio of 1:1
 
 2012
 -The Board of Directors recommended a dividend of 60% i.e., Rs. 6/-
 per Share on the equity share capital.
 
 2013
 -The Board of Directors recommended a dividend of 60% i.e., Rs. 6/-
 per Share on the equity share capital.
 
 2014
 -The Board has authorized the Chairman to explore the possibility of
 restructuring the Companys hotel building.
 -The Board of Directors recommended a dividend of 60% i.e., Rs. 6/-
 per Share on the equity share capital.
 
 
 
Source : Dion Global Solutions Limited
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