June 18, 2015

Philips India to Demerge Lighting Business into Separate Company

new post

March 21, 2018


Philips India- Compulsory Buy Back @ Rs.560

for more , please click

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original post

Philips India is demerging its Lighting Business into a separate Company Philips Lighting India Limited.


Shareholders of original Company i.e.Philips India Limited would get 1 share of Philips Lighting for every 1 share of Philips India.

Scheme would be effective from 01/02/2016.

High Court convened meeting of shareholders of Philips India is scheduled for 06/07/2015 at Kolkata

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Record Date : 08/04/2016

1 share of Philips Lighting India ( free ) for every 1 share of Philips India 

Shares of Philips Lighting and Philips India are Unlisted


Philips India delisted in 2004 at the Exit Price of Rs.105.



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OLD POST

August 14, 2009


Philips Electronics India Limited


http://www.rareindianshares.info/2014/08/philips-india-limited-annual-report.html



Registered Office :
7, Justice Chandra Madhab Road,
Kolkata-700020

Established in 1930 , this iconic holder of the brand " PHILIPS " is synonymous with electrical lighting in India.

Originally incorporated in 1930 as Philips Electrical Co. ( India ) Limited
in 1956- name changed to Philips India Private Limited
In 1957 name changed to Philips India Limited
In 1979 ( FERA times ) name changed to PeicoElectronics & Electricals Limited
In 1993- Philips India Limited
Finally in 2005- Philips Electronics India Limited

These numerous name changes mirror the changing product-ownership-business environment times in India.

From FERA dilution times of 1970s the Company has , at present , come a full circle to nearly a private limited company.

At present nearly 96% equity is with the promoters , the renowned Dutch Multinational Philips Group -Koninklijke Philips Electronics .

The share is, however , unlisted and illiquid.

The Company produces lamps & Luminaries ' audio , video Multimedia and domestic appliances , Medical Diagnostic and related software development.

It has a share capital of Rs. 63 crore. Book Value Rs.139. Profit after tax Rs. 135 crore giving an EPSof Rs. nearly Rs. 20. Its financial year ends 31 December. For the year ending 31-12-08 the gross sales were Rs. 3142 crore.

It the iconic brand name " Philips " and which every Indian identifies it with quality electrical / electronic products that makes this share a collector's item.

http://www.india.philips.com/

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Philips Electronics India Ltd - Annual Report 2013

Financial Year Ending 31-03-13 ( 12 months )

Sales  : Rs. 5412 cr

Gross Profit : Rs. 186 cr

Net Profit : Rs. 123 cr

Dividend  : 20- %

EPS : Rs. 21 / 35 p

EGM : 20 /09 / 13 , Kolkata 11 AM

Book Closing : 10-09-13 TO 20-09-13

As on 31-03-13

Share Capital Rs. 57 cr , 50 Lakh ( Rs. 10 Paid)

Reserves  Rs. 1049 cr 50 lakh

New Name of the Company :  PHILIPS INDIA LIMITED

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General Warning : Investment in Shares Can be Injurious to Your  WEALTH

Caution :The blog writer has personal/ family members' holdings in this Company ,  so please make suitable "provisions " for likely over optimism

( NB : All information given in good faith. Please recheck all facts before taking any investment decision.

. No responsibility taken by this author / blog . )

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