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Tudor India > Company History > Auto Ancillaries > Company History of Tudor India - BSE: 517451, NSE: N.A
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Tudor India

BSE: 517451|ISIN: INE842A01017|SECTOR: Auto Ancillaries
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Tudor India is not traded in the last 30 days
Tudor India is not listed on NSE
Company History - Tudor India
YEAR                                                      EVENTS
 1986 - Tudor India Ltd. was incorporated on 3rd of January, as a
 Public Limited 
              Company with the Registrar of Companies, Maharashtra,
 with the object of 
              setting up a plant for manufacturing storage batteries
 in India in collaboration 
              with M/s. Sociedad Espanola Del Acumulador Tudor S.A.,
 Spain.  
 
           - The Company was granted the commencement of business
 certificate on 
             17th April.  The Company has obtained necessary approvals
 from the 
             Government of India for the technical and financial
 collaboration.
 
          - The lead acid storage batteries are of three types -
 stationary, traction and 
             automotive.  Stationary batteries find applications in
 telecommunication 
             sector, emergency lighting, etc. whereas traction
 batteries find applications
             is propulsion of electric vehicles, mining locomotives,
 alarm systems, etc. 
            Automotive batteries commonly referred to as SLI batteries
 are used for starting,
             lighting and ignition of internal combustion engine
 vehicles of all kinds.
 
          - The Company will be manufacturing automotive batteries. 
 In India, these 
             batteries are currently manufactured by both organised
 and unorganised 
             sectors.  The major manufacturers of the automotive and
 industrial batteries
             in the organised sector and Chloride Industries Ltd.,
 Standard Batteries Ltd., 
             Amco Battereis Ltd.,, Willard India Ltd., etc.
 
          - An automotive battery is a matured prodct in a product
 life cycle.  The  Company 
            will manufacture a full range of automotive batteries in
 polypropylene 
            containers and lids from 32 AH to 210 AH for use in four
 wheelers, light 
            and heavy commercial vehicles.
 
 1988 - The Company was allotted Letter of Intent and granted Foreign
 Collaboration
               approval in the year.  
 
 1989 - During the year Collaboration agreement was entered and land
 was acquired.  
 
 1990 - The applications for financial assistance under term loans and
 import of capital 
              goods were made.  These sanctions were received in 1991.
  
 
 1991 - Although the letter of intent was procured by the Company in
 1988, the Industrial
             Licence was granted to the Company in July.
 
 2000 - The Company increase in the authorised share capital from Rs.
 165 million
               to Rs. 3.50 million.
 
            - The Company issue of upto 17.51 million  equity shares
 of Rs. 10/- each 
              on preferential basis to CMP Batteries Ltd., UK or its
 holding or subsidiary 
              or associated or affilated companies to the exclusion of
 all other shareholders 
              of the company, either in cash or by way of conversion
 of existing Unsecd.
 
 2001 - The Company has allotted 8,616,445 No. of equity shares at Rs
 20.31 (face value Rs
              10 at a premium of Rs 10.31) per share to CMP Batteries
 Ltd, UK in discharge of hte liability
               towards DeferredPayment credit tothe extent of Rs 17.5
 crore.
 
 
 2003
 
 -The board   approves to delist the company's  equity shares from
 Ahmedabad Stock Exchange
Source : Dion Global Solutions Limited
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