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Tata Investment Corporation Ltd.

BSE: 501301 | NSE: TATAINVEST |

Represents Equity.Intra - day transactions are permissible and normal trading is done in this category
Series: EQ | ISIN: INE672A01018 | SECTOR: Finance - Investments

BSE Live

Dec 08, 16:00
1455.00 12.30 (0.85%)
Volume
AVERAGE VOLUME
5-Day
2,908
10-Day
4,190
30-Day
6,589
2,396
  • Prev. Close

    1442.70

  • Open Price

    1454.55

  • Bid Price (Qty.)

    0.00 (0)

  • Offer Price (Qty.)

    0.00 (0)

NSE Live

Dec 08, 15:59
1452.60 10.65 (0.74%)
Volume
AVERAGE VOLUME
5-Day
25,911
10-Day
27,741
30-Day
43,596
17,381
  • Prev. Close

    1441.95

  • Open Price

    1450.10

  • Bid Price (Qty.)

    1452.60 (1)

  • Offer Price (Qty.)

    0.00 (0)

Company History - Tata Investment Corporation
YEAR                       EVENTS
 1937 - The Company was incorporated.  The Company was formed to work
 as
        an Investment Corporation for investments in land acquisition
 of
        stocks, debentures etc. in India or elsewhere and for business
 of
        underwriting of new leave space business and also for taking
 over
        the management and control of companies.
 
      - 28,919 No. of Equity shares issued as fully paid-up without
        payment in cash.
 
 1944 - 25,000 Right Equity shares issued at a premium of Rs 25 per
 share
        in prop. 1:2.
 
 1957 - The Oriental Government Security Life Assurance Co. Ltd., was
        amalgamated with the Corporation with effect from 1st July,
 under
        an Order of the Mumbai High Court.
 
      - 25,000 Right Equity shares offered at par in the prop. 1:3.
 
 1959 - On the amalgamation of the Oriental Security Life Assurance
 Co.
        Ltd., with the Company, the Oriental shareholders were given
 the
        option of getting 40 No. of equity shares of the Company or
 cash
        of Rs 4,300 for every share held by them.
 
 1967 - 17,022 Bonus Equity shares issued in the prop. 1:10. Interest
 on
        Pref. shares increased to 7 3/4%.
 
 1980 - 46,811 Rights Equity shares issued in prop. 1:4 at par.
        
 1981 - With effect from 10th September, Investa Limited became a
        Subsidiary of the company.
 
 1985 - The Company cancelled the 7% preference shares of Rs 1,000
 each
        as on 31st December, and instead issued to the holders of
 each
        of these preference shares ten - 12% secured non-convertible
        debentures of Rs 100 each redeemable at par at the end of 10
        years.
 
 1986 - In January, in order to augment long-term resources, the
 Company
        issued 83,333-15% secured convertible bonds of Rs 300 each at
        par.  Of these, 78,000 bonds were offered as rights in the
 ratio
        1 bond: 3 equity shares held to resident Indian employees of
 the
        Company.
 
      - The rights issued was over-subscribed and 78,973 bonds were
        allotted to the shareholders and 4,360 bonds to the
 employees.
        Rs 100 from each bond was converted into one equity share of
 Rs
        100 at par on 1st April, 1987.  The non-convertible part of
 Rs
        200 will be redeemed at par on 1st March, 1996.
 
 1987 - 83,333 No. of equity shares of Rs 100 each were allotted at
 par
        in part conversion of bonds on 1-4-1997.  Equity shares of Rs
 100
        each then subdivided into shares of Rs 10 each.  7,93,467
 bonus
        equity shares of Rs 10 each then issued in prop. 1:4 and
 allotted
        on 26-11-1987.
 
 1989 - The Company issued 14% non-convertible debentures of the
        aggregate value of Rs 200 lakhs to Naval Group Insurance Fund
        (NGIF).  These debentures were to be redeemed after 7 years
 from
        the date of allotment at a premium of Rs 5 per debenture.
 
      - CCI's permission was obtained to offer 10,68,290 zero
 interest
        fully convertible debentures of Rs 90 each on Rights basis in
 the
        proportion 1 debenture: 5 equity shares held.
 
      - Simultaneously another 53,415 zero interest debentures were
 also
        to be issued to employees/Directors on an equitable basis.
        Unsubscribed portion, if any, was to be allowed to lapse.
 
      - Rs 45 of the face value of each debenture was to be
 compulsorily
        and automatically converted into 1 equity share of Rs 10 each
 at
        a premium of Rs 35 per share at the end of six months from
 the
        date of allotment of debentures.
 
      - The remaining Rs 45 of the face value of each debenture was to
 be
        compulsorily and automatically converted into 1 share of Rs
 10
        each at a premium of Rs 35 per share at the end of 18 months
 from
        the date of allotment of debentures.
 
 1990 - In January-February the Company offered 3,96,800-12.5% fully
        convertible debentures of Rs 100 each on `Rights basis' in
 the
        proportion 1 debenture: 10 equity shares held.  All were
 taken
        up.  Additional 59,520 debentures were allotted to retain 
        oversubscription.
 
      - Simultaneously the Company also issued 19,800-12.5% fully
        convertible debentures of Rs 100 each to the
 employees/working
        directors on an equitable basis (only 1,716 debentures
 taken-up).
        The unsubscribed portion of 18,084 debentures was allowed to
        lapse.
 
      - Rs 60 of the face value of each debenture was compulsorily
 and
        automatically converted into 2 equity shares of Rs 10 each at
 a
        premium of Rs 20 per share on 1st October 1990 (9,16,072
 shares
        allotted in conversion of debentures).
 
      - The remaining Rs 40 of the face value of each debenture was to
 be
        automatically and compulsorily converted into one equity
 share
        of Rs 10 each at a premium of Rs 30 per share on 1st April,
 1991.
 
 1993 - 21,50,168 Shares allotted on conversion of FCD.
 
 1994 - 37,45,806 shares allotted as bonus shares in ratio of 1:2.
        10,00,000 shares of Rs 10 each on private placement basis.
 
 1995
 
 - The Company issued 5,00,000-14% unsecured Non-Convertible
 Debentures of Rs 100 each to Citicorp Securities and InvestmentsLtd.
       
 - The name of the Company was changed to Tata Investment Corporation
 Ltd. with effect from 18th September.
 
 2000 
 
 -Crisil has downgraded the FD program of Pearl Polymers Ltd to
 FA-from FA and  has reaffirmed the CD and CP ratings of Eimco Elecon
 (India) Ltd at A+ and the FD program rating of the Company at FAAA
              
 2002
 
 -Mumbai High Court orders for the reallocation of a portion of
 securities premium account for adjusting future provisions in the
 value of investments.
 
 2003
 
 -Mr Bhaskar Laxman Pranjape, Director of the company expired on March
 19th.
 
 -Dr F A Mehta ceases to be the Chairman of the company, continue as
 the Director on the Board.
 
 2004
 
 -The board of directors recommended a final dividend of 81 per cent
 in addition to an interim dividend of 20 per cent.
 
 2005
 
 -The Company has recommended the following:
 
 1. A dividend @ Rs 12 per Ordinary Share (120%) for the year ended
 March 31, 2005.
 
 2. Tata Investment Corporation has given the Bonus in the Ratio of
 1:2
 
 2006
 
 -The Company has recommended a dividend of 120%.
 
 2007
 
 -The Company has recommended a dividend of 130% and a special
 dividend of 20% on completion of 70 years (total 150%)
 
 2008
 
 -The company has issued rights in the ratio of 1:5 at a premium of Rs
 0/- Per Share.
 
 2009
 
 -The Company recommended a dividend of Rs 15 per ordinary share of Rs
 10/- each (150%).
 
 2010
 
 - Tata Investment Corporation Ltd has appointed Mr. Zubin Dubash as
 an Additional Director of the Company with effect from March 17,
 2010.
 
 -Registered Office of the Company has been shifted To Elphinstone
 Building 10, Veer Nariman Road, Mumbai 400 001.
 
 2012
 
 -Tata Investment acquires Simto Investment 95.57% share capital and
 simto investment becomes its subsidiary.
 
 - Mr. Manoj Kumar C. V. (General Manager) has been appointed as
 Company Secretary who will also be acting as Compliance Officer.
 
 -The Company has recommended a dividend of Rs. 21.00 (210%) per
 Ordinary share of Rs. 10.
 
 
 2013
 
 - The Company has recommended a Dividend of Rs. 16/- (160%) per
 Ordinary share of Rs. 10/- each.
 
 - The Company have acquired shares in about two dozen banks and
 NBFCs, such as ICICI Bank, SBI, HDFC Bank and Axis Bank through one
 of its group investment firms.
 
 2014
 
 - Mr. Manoj Kumar C V as the Chief Financial Officer & Company
 Secretary of the Company who will also be acting as the Compliance
 Officer.
 
 - The Company has recommended a Dividend of Rs.17 (170%) per Ordinary
 share of Rs. 10 each. 
 
 - The Company has reappointed Mr. A. N. Dalal as Executive Director
 of the Company.