1946 - The Investment Trust of India Ltd. was incorporated at Chennai.
The Company invests its fund in Equity and preference shares and
Debentures of well established and sound companies and approved
trustee, security and Govt. loans. The Company also underwrites
provincial, Municipal, Improvement Trust and Port Trust loans and
capital issues of Joint stock companies. The Company also carries
on the other business like hire-purchases, equipment leasing,
mortgage loans etc.
1947 - 5,000 Rights shares offered at par in the prop. 1:1.
1978 - 5,000 Rights shares issued at par in the prop. 1:1.
1979 - 15,000 Rights shares issued at par in the prop. 1:1.
1982 - 3,00,000 Right Equity shares issued in prop. 1:1.
1986 - 650 forfeited shares reissued. 3,15,000 shares issued (Prem. Rs
5 per share): 3,00,000 shares as Rights in (Prop. 1:2) (all were
taken up). 15,000 shares to employees (only 6,700 shares taken
up). Additional 75,000 shares allotted as rights to retain
1989 - 4,90,750 Bonus Equity shares issued in prop. 1:2.
1991 - The Company made an application to the Securities and Exchange
Board of India (SEBI) for sponsoring an Asset Management Company
and for setting up a Mutual Fund.
- During June-July the Company issued 5,88,980 No. of equity shares
of Rs 10 each for cash at a premium of Rs 15 per share on Rights
basis in the proportion 2:5 (all were taken up). Additional
88,347 shares were allotted to retain over subscription.
- The Company also issued 29,449 No. of equity shares of Rs 10 each
for cash at a premium of Rs 15 per share to employees (including
Indian working Directors) of the Company (only 29,223 shares
taken up). A total of 7,06,550 shares were allotted under this
1992 - The Company obtained approval for acting as category-1 Merchant
1994 - 21,79,000 No. of equity shares were issued to the existing
shareholders on Rights basis in the ratio of 1:1 at a premium of
Rs 30 per share.
2000 - The Company has entered into tripartite agreements with National
Securities Depository Limited and Central Depository Services
for offering dematerialised facility to its shareholders.
2002-Investment Trust of India, said that it has signed a share purchase agreement with Templeton on July 24 to sell its entire holding in Pioneer ITI to Templeton.The sale consideration would be approximately Rs 104 crore, subject to adjustments, if any, based on various contingencies.
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