Company History

Incorporation / Change of name

Company was originally incorporated on August 22, 1944 under the Companies Act, 1913 as Boots Pure Drug Company (India) Limited. Its name was then changed to The Boots Company (India) Limited on November 1, 1971, thereafter to Boots Pharmaceuticals Limited on January 1, 1991. On October 31, 1995 the name was changed to Knoll Pharmaceuticals Limited, thereafter to Abbott India Limited on July 1, 2002.

Issue / Bonus Issue / Rights Issue / Offer for Sale / Buyback

Year No of Shares Bonus / Rights Ratio
December 1965 2,00,000
(premium - Rs 13 per share)
Public Issue --
August 1969 2,50,000 Bonus 1:2
September 1976 7,75,000 Bonus 1:1
September 1977 1,48,150
(premium - Rs 3.50 per share)
Rights 2:9
November 1979 2,66,050 Bonus 1:3
September 1984 13,58,520 Bonus 3:5
August 1986 3,00,000 (Offer for sale by Boots PLC, Nottingham) --
August 1986 4,27,280
(premium - Rs 45 per share)
Rights 2:5
September 1987 40,50,000 Bonus 1:1
February 1998 8,91,000 Open Offer
(Parent Company stake increase from 40% to 51%)
--
October 1998 81,00,000 Bonus 1:1
June 2001 11,66,184 Open offer by Abbott Equity Holding Ltd. acquiring 7.2% --
April 2003 9,19,900
(Rs 350 per share)
Buyback --
March 2007 8,07,360
(Rs 650 per share)
Buyback --
September 2008 7,97,500
(Rs. 630 per share)
Buyback --

 

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