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Modern India Ltd.

BSE: 503015 Sector: Others
NSE: N.A. ISIN Code: INE251D01023
BSE LIVE 14:48 | 24 Nov 54.10 -2.70
(-4.75%)
OPEN

54.05

HIGH

54.10

LOW

54.05

NSE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 54.05
PREVIOUS CLOSE 56.80
VOLUME 320
52-Week high 89.30
52-Week low 32.30
P/E
Mkt Cap.(Rs cr) 203
Buy Price 54.05
Buy Qty 295.00
Sell Price 59.60
Sell Qty 270.00
OPEN 54.05
CLOSE 56.80
VOLUME 320
52-Week high 89.30
52-Week low 32.30
P/E
Mkt Cap.(Rs cr) 203
Buy Price 54.05
Buy Qty 295.00
Sell Price 59.60
Sell Qty 270.00

Modern India Ltd. (MODERNINDIA) - Company History

Incorporated in Oct.'93 as a composite mill in India to manufacture fabric, Modern Mills (MML) was taken over by the present management in 1978. M P Jattia is the chairman. It has two plants, one in Mahalaxmi, Bombay, to manufacture textiles; and the second in Hubli, Karnataka, for food processing. It has also started undertaking real estate business. In 1994-95, 30,00,000 equity shares of Rs 10 were subscribed by and allotted to the promoters. The manufacturing operations of the foods division were suspended. The company is examining the possibilities of restarting the unit, if found viable. The company has handed over physical possession to BMC of the plot ear-marked for amenity purposes, as required under regulations. During the year 1999-2000, since the net worth of the company has become positive, the company was out of the purview of BIFR. The company has also approved the scheme of amalgamation of the subsidiary Agrata Exports Ltd. The company has entered into a joint venture for undertaking the business of conducting and running of a Business Centre from its premises.