YEAR EVENTS 1988 - Elder Health Care Limited was incorporated as a Private Limited Company on 21st March, and was converted into Public Limited Company with effect from 29th July, 1992. - The Company commenced production of formulation with manufacturing base taken on Loan Licence from Gan Pharmaceuticals Ltd., Elder Pharmaceutical Ltd., Ethical Pharmaceuticals Ltd., Sanjiveeni Pharmaceutical Pvt. Ltd. - EHCL was promted by Mr. Jagdish Saxena and Elder Pharmaceuticals Limited. 1993 - The Company's proposed unit has been provisionally registered as an S.S.I unit. - The Company's authorised capital was raised first from Rs. 5,00,000/- to Rs. 1,50,00,000/- and then to Rs.6,00,00,000/- by creating additional equity shares of Rs.10/- each and the paid-up capital was increased from Rs. 5,00,000/- to Rs. 1,49,53,000/-. 1994 - The Company entered the capital market with a public of issue of 10,52,100 No. of equity shares of Rs. 10/- each for cash at par aggregating Rs. 1,05,21,000/-. 1995 - The production of Tiger Balm has already started at Company's manufacturing unit at patalganga. 1999 - Elder Healthcare, the city-based Rs 140-crore (Rs 1.4 billion) pharmaceutical company, has entered into a joint venture with US-based Sensodyne paste manufacturer Stafford Miller, the 100 per cent subsidiary of the $900 million Block Drug Company. - Elder Pharmaceuticals is set to launch the world's number one brand in sensitive toothpastes -- Sensodyne. 2000 - The company's equal joint venture with Rottapharm of Italy called Earth Wind and Fire Pharmaceuticals (EWF) has signed an agreement with French company Sanofi-Synthelabo to market the latter's pacemaker products in the country. - The company issue and allot 46,63,300 No. of equity shares of Rs. 10/- each at a price of Rs. 22/- per shares or at such other price as may be approved, to Hawpar Health Care Ltd., Singapore and/or its affilitates/subsidiaries by way of preferential allotment so as to enable them to hold upto 51% of the post issued capital. 2001 - Elder Healthcare Ltd. has opted for a 30:70 joint venture for 'Tiger Balm' project with Singapore-based Haw Par Health Care. - The Company joint venture agreement entered into with Haw Par Health Care Ltd. (60 per cent foreign participation), Sat Pal Khattar (14 per cent NRI participation) and the company and Elder Health Care Ltd (26 per cent Indian participation) on 29th March. 2010 - Elder Health Care Ltd has appointed Mrs. Urvashi Saxena as an Additional Director of the company with effect from August 18, 2010. |
Disclaimer: This is 3rd Party content/feed, viewers are requested to use their discretion and conduct proper diligence before investing, GoodReturns does not take any liability on the genuineness and correctness of the information in this article