History of Abbott India Ltd
1944
- All shares issued to Boots Pure Drug Co., limited Only 5 shares issued for cash.
1963
- 2,00,000 shares issued to the present Company.
1965
- The Comp. was incorporated on 15th December. The Company Manufacture `Boots' brand of medical & pharmaceutical products and agricultural & animal health products. The leading lines of manufacture includes insulin injections, anti-dysentery drugs, vitamin preparations, penicillin preparations, sulphonamide tablets, household remedies, animal health products of Mindif series & agro-chemicals.
- The plant with a licensed capacity of 1,500 mega units per annum was commissioned in January. In September, a sterile manufacturing unit for the vialling of insulin injections was commissioned.
- On 19th October, the Comp. entered into a technical collaboration agreement with Boots Pure Drug Co. Ltd., England for manufacturing crystalline insulin & formulations thereof & agreed to pay to them at the rate of 3% on the sale value of basic crystalline insulin used in the manufacture of preparations thereof, subject to a maximum of 5,000 per annum.
- In December, 2,00,000 shares issued to public [prem. Rs 13 per sharess].
1969
- 25,000 shares issued at par to L.I.C., U.T.I. & I.C.I.C.I. on conversion of 5% debenture holdings.
1971
- The name of Comp. was changed from Boots Pure Drug Co. [Indias] Ltd., to the present one from 1st November. The name was further changed to Boots Pharmaceuticals Ltd., from 1st January.
1973
- 25,000 shares issued at par to L.I.C., U.T.I. & I.C.I.C.I. on conversion of 5% debenture holdings.
1976
- The Comp. undertook to set up a new chemical plant at Ahmednagar, a backward area in Maharashtra, for manufacture of Ibuprofen from the basic stage in technical collaboration with its parent company. Ibuprofen is a raw material of Boots original research.
- 7,75,000 Bonus shares issued in the proportion 1:1.
1977
- 1,48,150 Right Equity shares issued to Indian shareholders [prem. Rs 3.50 per shares: prop. 2:9s]
1979
- 2,66,050 Bonus shares issued in prop. 1:3.
1983
- The Comp. issued 1,70,000-15% non-convertible debentures of Rs 100 each. These debentures were redeemed on 5th October, 1990 at a premium of Rs 5 per debenture.
- Boots Comp. PLC, England voluntarily decided to dilute its shareholding in the Comp. by disinvesting 3,00,000 equity share of Rs 10 each at a premium of Rs 45 per share.
- The Comp. also issued 4,27,290 No. of Equity shares of Rs 10 each at a premium of Rs 45 per share as rights to resident Indian equity shareholders.
- Out of total issue of 7,27,280 No. of equity share, 6,81,088 shares were offered as rights to shareholders other than Boots Company PLC, England in the proportion 2:5. Only 6,12,031 shares were taken up. Out of remaining 46,192 shares, 36,364 shares were offered to employees Including Indian working directorss]/workers on equitable basis & 9,828 shares were offered to business associates of the Company. The unsubscribed portion of 69,057 shares of the shareholder quota were allotted to employees/workers of Company.
- The object of rights issue & offer for sale was to reduce the holding of Boots Comp. PLC, England in the Comp. from 53% to 40%.
1984
- 13,58,520 Bonus equity shares issued in prop. 3:5.
1986
- Applications were made to Government for expansion of capacity upto 200 tonnes per annum for Ibuprofen & an endorsement of capacity upto 300 M.U. for highly purified insulin.
- 4,27,280 new equity shares were offered as Rights to the resident Indian equity shareholders at a premium of Rs 45 per shares.
1987
- The Comp. received a letter of intent for both the products & the expansion capacity of Ibuprofen was being implemented.
- An application was made for an industrial license to produce a bulk drug, 'Ranitidine Hydrochloride' & its formulations.
- 40,50,000 bonus equity shares issued in prop. 1:1.
1988
- `Advene' a new anti-peptic ulcerant & `Froben' a more potent anti-rheumatic drug were launched.
- The Comp. undertook a project to set up a new formulation factory at Jejuri in Pune district.
1989
- A number of new products, namely Brufen Junior Syrup, Chota Strepsils Icy, Optrex Eye Lotion, Highly Purified Insulins & Nausidome were launched during the year.
1991
- A few new products like Human Insulin's, Frozen SR. & Optren Eye Drops were launched during the year.
1994
- Products such as Novopen, Human mixtard, Mixtard penfills were launched.
- Beem Healthcare Ltd., Lenbrook Pharmaceuticals limited & Valencia Pharmaceuticals Ltd are the subsidiaries of Company.
1995
- It is proposed to change the name of Comp. to Knoll Pharceuticals limited effective 31st October, name was changed to Knoll Pharmaceuticals Ltd.
1997
- Clivarine, an anticoagulant low molecular weight heparin preparation used for prophylasix of deep vein thrombosis was launched.
- The Comp. has acquired the product Epilex for a total consideration of Rs 9.90 crores. The product is used in the treatment of epilepsy.
- The new Goa plant of Knoll Pharmaceuticals, a part of BASF group, has been set up. BASF India has also set up two state-of-the-art plants to manufacture speciality dyes & dispersons in Mangalore and these were commissioned.
- Knoll Pharma is currently the fifth-largest domestic formulations company. It is likely to use the proceeds to acquire formulation brands in the cardiovascular, antibiotic & neurology segments.
- Lupharma GmbH, a wholly owned subsidiary of Knoll AG of Germany, is making a public offer for acquisition of further 11 per cent holding in Knoll Pharmaceuticals Ltd [KPLs], the Indian arm of the business.
- Knoll India has recently entered into a co-marketing arrangement with SmithKline Beecham Pharmaceuticals [Indias] for latter formulation of amoxycillin & clavulanic acid.
- Knoll India is to launch new products from the research pipelines of both Knoll AG & the erstwhile Boots plc.
1998
- KPL launched an anticoagulant low molecular weight heparin preparation - Cremaffin - used for prophylaxis of deep vein thrombosis.
- Lupharma GmbH, a wholly-owned subsidiary of Knoll AG of Germany, had made a public offer for acquisition of further 11 per cent holding in Knoll Pharmaceuticals in order to take its stake up to 51 per cent from the current levels of 40 per cent.
1999
- Beem Healthcare which was engaged in marketing of consumer brands has been merged with Knoll with effect with July 1998.
- Knoll Pharma has entered into a three-way pact with the Gujarat-based Torrent Pharmaceuticals & Danish giant, Novo Nordisk, in the anti-diabetes [human insulins] segment.
2000
- The Comp. has entered into a agreement with Kalpataru Homes for the assignment of leasehold.
- Ranbaxy Laboratories Ltd [RLLs] has entered into an agreement with Knoll Pharmaceuticals Ltd [KPLs] to market the latter leading brands in select overseas markets.
2001
- Lupharma UK Holding One Ltd., a wholly-owned subsidiary of Lupharma GmbH has proposed to acquire 82,62,000 shares i.e. 51 per cent of the share capital of Knoll Pharmaceuticals from Lupharma Gmbh.
2002
-Knoll Pharmaceuticals, the maker of popular painkiller Brufen, has changed its name to Abbott India following global takeover of Knoll majority stakeholder - German firm BASF Pharma - by US drug major Abbott Laboratories.
2003
-Mr V D Narkar, Director of Abbott India Ltd, has resigned with effect from June 19, 2003.
-Mr.Ashok Dayal is appointed as Additional Director of company.
-Scheme of amalgamation of Lenbrook Pharmaceuticals [a wholly owned subsidiary of companys] with the company.
2008
- Abbott India Ltd has informed that the Board of Directors of Comp. at its meeting held on February 14, 2008, has appointed Mr. Thomas Dee as the Additional Director of Company.
