Balmer Lawrie Investment Share Price

Balmer Lawrie Investments Ltd is a Government 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 company of Balmer Lawrie Co. Limited (BL). The companys only business is investment in their subsidiary Balmer Lawrie Company Ltd. The Company is not engaged in any other business activity, except, to hold the Equity Shares of Balmer Lawrie Co. Ltd. President of India holds 59.67% of the Companys 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 demerged 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.The Company was formed as a Special Purpose Vehicle with no regular business activity on 20th September, 2001, with the sole objective of holding the Equity shares of BL, transferred / demerged from IBP Co. Ltd. (under the scheme of Arrangement Reconstruction). During the year 201819, Balmer Lawrie Co. Ltd. had initiated steps for closing of operations of BLUK and was in the process of getting necessary statutory clearances for closure shortly from the authorities in the United Kingdom. As a part of this process, the shares of PT. Balmer Lawrie Indonesia (PTBLI) , held by BLUK which was approximately US 2.01 million (equivalent to Indonesian Rupiah 21.0 billion) and represents 50 % of the paid up equity share capital of the joint venture company was transferred to Balmer Lawrie during the year 201819.