YEAR EVENTS 1937 - The Company was incorporated. The Company was formed to work as an Investment Corporation for investments in land acquisition of stocks, debentures etc. in India or elsewhere and for business of underwriting of new leave space business and also for taking over the management and control of companies. - 28,919 No. of Equity shares issued as fully paid-up without payment in cash. 1944 - 25,000 Right Equity shares issued at a premium of Rs 25 per share in prop. 1:2. 1957 - The Oriental Government Security Life Assurance Co. Ltd., was amalgamated with the Corporation with effect from 1st July, under an Order of the Mumbai High Court. - 25,000 Right Equity shares offered at par in the prop. 1:3. 1959 - On the amalgamation of the Oriental Security Life Assurance Co. Ltd., with the Company, the Oriental shareholders were given the option of getting 40 No. of equity shares of the Company or cash of Rs 4,300 for every share held by them. 1967 - 17,022 Bonus Equity shares issued in the prop. 1:10. Interest on Pref. shares increased to 7 3/4%. 1980 - 46,811 Rights Equity shares issued in prop. 1:4 at par. 1981 - With effect from 10th September, Investa Limited became a Subsidiary of the company. 1985 - The Company cancelled the 7% preference shares of Rs 1,000 each as on 31st December, and instead issued to the holders of each of these preference shares ten - 12% secured non-convertible debentures of Rs 100 each redeemable at par at the end of 10 years. 1986 - In January, in order to augment long-term resources, the Company issued 83,333-15% secured convertible bonds of Rs 300 each at par. Of these, 78,000 bonds were offered as rights in the ratio 1 bond: 3 equity shares held to resident Indian employees of the Company. - The rights issued was over-subscribed and 78,973 bonds were allotted to the shareholders and 4,360 bonds to the employees. Rs 100 from each bond was converted into one equity share of Rs 100 at par on 1st April, 1987. The non-convertible part of Rs 200 will be redeemed at par on 1st March, 1996. 1987 - 83,333 No. of equity shares of Rs 100 each were allotted at par in part conversion of bonds on 1-4-1997. Equity shares of Rs 100 each then subdivided into shares of Rs 10 each. 7,93,467 bonus equity shares of Rs 10 each then issued in prop. 1:4 and allotted on 26-11-1987. 1989 - The Company issued 14% non-convertible debentures of the aggregate value of Rs 200 lakhs to Naval Group Insurance Fund (NGIF). These debentures were to be redeemed after 7 years from the date of allotment at a premium of Rs 5 per debenture. - CCI's permission was obtained to offer 10,68,290 zero interest fully convertible debentures of Rs 90 each on Rights basis in the proportion 1 debenture: 5 equity shares held. - Simultaneously another 53,415 zero interest debentures were also to be issued to employees/Directors on an equitable basis. Unsubscribed portion, if any, was to be allowed to lapse. - Rs 45 of the face value of each debenture was to be compulsorily and automatically converted into 1 equity share of Rs 10 each at a premium of Rs 35 per share at the end of six months from the date of allotment of debentures. - The remaining Rs 45 of the face value of each debenture was to be compulsorily and automatically converted into 1 share of Rs 10 each at a premium of Rs 35 per share at the end of 18 months from the date of allotment of debentures. 1990 - In January-February the Company offered 3,96,800-12.5% fully convertible debentures of Rs 100 each on `Rights basis' in the proportion 1 debenture: 10 equity shares held. All were taken up. Additional 59,520 debentures were allotted to retain oversubscription. - Simultaneously the Company also issued 19,800-12.5% fully convertible debentures of Rs 100 each to the employees/working directors on an equitable basis (only 1,716 debentures taken-up). The unsubscribed portion of 18,084 debentures was allowed to lapse. - Rs 60 of the face value of each debenture was compulsorily and automatically converted into 2 equity shares of Rs 10 each at a premium of Rs 20 per share on 1st October 1990 (9,16,072 shares allotted in conversion of debentures). - The remaining Rs 40 of the face value of each debenture was to be automatically and compulsorily converted into one equity share of Rs 10 each at a premium of Rs 30 per share on 1st April, 1991. 1993 - 21,50,168 Shares allotted on conversion of FCD. 1994 - 37,45,806 shares allotted as bonus shares in ratio of 1:2. 10,00,000 shares of Rs 10 each on private placement basis. 1995 - The Company issued 5,00,000-14% unsecured Non-Convertible Debentures of Rs 100 each to Citicorp Securities and InvestmentsLtd. - The name of the Company was changed to Tata Investment Corporation Ltd. with effect from 18th September. 2000 -Crisil has downgraded the FD program of Pearl Polymers Ltd to FA-from FA and has reaffirmed the CD and CP ratings of Eimco Elecon (India) Ltd at A and the FD program rating of the Company at FAAA 2002 -Mumbai High Court orders for the reallocation of a portion of securities premium account for adjusting future provisions in the value of investments. 2003 -Mr Bhaskar Laxman Pranjape, Director of the company expired on March 19th. -Dr F A Mehta ceases to be the Chairman of the company, continue as the Director on the Board. 2004 -The board of directors recommended a final dividend of 81 per cent in addition to an interim dividend of 20 per cent. 2005 -The Company has recommended the following: 1. A dividend @ Rs 12 per Ordinary Share (120%) for the year ended March 31, 2005. 2. Tata Investment Corporation has given the Bonus in the Ratio of 1:2 2006 -The Company has recommended a dividend of 120%. 2007 -The Company has recommended a dividend of 130% and a special dividend of 20% on completion of 70 years (total 150%) 2008 -The company has issued rights in the ratio of 1:5 at a premium of Rs 0/- Per Share. 2009 -The Company recommended a dividend of Rs 15 per ordinary share of Rs 10/- each (150%). 2010 - Tata Investment Corporation Ltd has appointed Mr. Zubin Dubash as an Additional Director of the Company with effect from March 17, 2010. -Registered Office of the Company has been shifted To Elphinstone Building 10, Veer Nariman Road, Mumbai 400 001. 2012 -Tata Investment acquires Simto Investment 95.57% share capital and simto investment becomes its subsidiary. - Mr. Manoj Kumar C. V. (General Manager) has been appointed as Company Secretary who will also be acting as Compliance Officer. -The Company has recommended a dividend of Rs. 21.00 (210%) per Ordinary share of Rs. 10. 2013 - The Company has recommended a Dividend of Rs. 16/- (160%) per Ordinary share of Rs. 10/- each. - The Company have acquired shares in about two dozen banks and NBFCs, such as ICICI Bank, SBI, HDFC Bank and Axis Bank through one of its group investment firms. 2014 - Mr. Manoj Kumar C V as the Chief Financial Officer & Company Secretary of the Company who will also be acting as the Compliance Officer. - The Company has recommended a Dividend of Rs.17 (170%) per Ordinary share of Rs. 10 each. - The Company has reappointed Mr. A. N. Dalal as Executive Director of the Company.