CT Cotton Yarn Ltd. कंपनी का इतिहास और वार्षिक वृद्धि विवरण

1990 - CT Cotton Yarn Ltd. was incorporated as a Public Limited Company
on 7th August, and obtained the certificate of commencement of
business on 26th September. It was promoted by Capital
Trust Ltd. and V. P. Punj. The Main objects of the Company
is to manufacture cotton yarn.

- The Company undertook to set up a 100% Export Oriented Unit
with a complement of 26,208 spindles for the manufacture of
combed cotton yarn of medium and fine counts. 

1994 - 7 No. of equity shares subscribed for by Signatories to the
Memorandum of Association. 162,79,993 No. of equity shares
of Rs. 10 each were then issued in February 1992 as follows:

- 1. On Firm Allotment Basis: (i) 43,40,000 shares to promoters,
directors etc.,

- (ii) 24,00,000 shares to NRIs on repatriation basis. Of the
remaining, the following shares were reserved allotment on a
preferential basis:

- (i) 8,14,000 shares to employees of the Company as well as
promoter Company (Only 3,28,500 shares taken up).

- (ii) 1,00,000 shares to NRIs on repatriation basis. Balance
86,26,000 shares along with 485,500 shares not taken up by
employees were issued to the public. Additional 24,42,000
shares were allotted to retain oversubscription. (3,76,000
shares to NRIs under firm allotment, 14,16,000 shares to public;
15,000 shares to NRIs under preferential quotes, 6,45,000
shares to promoters.