You are here » Home » Companies » Company Overview » Balmer Lawrie Investment Ltd

Balmer Lawrie Investment Ltd.

BSE: 532485 Sector: Financials
NSE: N.A. ISIN Code: INE525F01017
BSE LIVE 15:40 | 24 Mar 385.40 2.05
(0.53%)
OPEN

386.00

HIGH

399.00

LOW

383.20

NSE LIVE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 386.00
PREVIOUS CLOSE 383.35
VOLUME 11195
52-Week high 428.80
52-Week low 271.00
P/E 22.10
Mkt Cap.(Rs cr) 855.59
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 386.00
CLOSE 383.35
VOLUME 11195
52-Week high 428.80
52-Week low 271.00
P/E 22.10
Mkt Cap.(Rs cr) 855.59
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Balmer Lawrie Investment Ltd. (BALMERLAWINV) - Company History

Balmer Lawrie Investments Ltd is also a non-banking financial Company. The company is a public enterprise under the administrative control of the Ministry of Petroleum & Natural Gas, Government of India. The company is the holding of Balmer Lawrie & Company Ltd. The company's only business is investment in their subsidiary Balmer Lawrie & Company Ltd. President of India holds 59.67% of the company's total paid up equity capital. The company has two subsidiaries namely, Balmer Lawrie & Co. Ltd, and Balmer Lawrie (UK) Ltd (a subsidiary of Balmer Lawrie & Company Ltd). Balmer Lawrie Investments Ltd was incorporated on September 20, 2001. The Government of India in view of their planned deregulation of the oil and globalization of the economy, decided to disinvest 33.58% of their total equity holding of 59.58% in IBP Co Ltd to a strategic partner with management control. In consequence to such disinvestment, the shareholding of IBP Co Ltd in their erstwhile subsidiary, Balmer Lawrie & Company Ltd, was decided to be de-merged in favour of Balmer Lawrie Investments Ltd. Thus, the company was formally incorporated. As per the scheme of arrangement between IBP Co. Ltd., Balmer Lawrie Investments Ltd, the company acquired 61.8% equity shares of Balmer Lawrie & Co. Limited from IBP Co. Ltd. The scheme became effective on February 5, 2002 with an appointed date of October 15, 2001. Thus, the company became the holding company of Balmer Lawrie & Company Ltd.