History of Areva T&D India Ltd.
YEAR EVENTS 2000 - The Scheme of Amalgamation, under which the Kerala-based Alstom T&D Distribution Transformers limited would merge with Alstom Ltd. has been duly sanctioned by High Courts at Calcutta and Ernakulam.
- Alstom Ltd, the domestic outfit of Franc $20-billion Alstom is considering a merger with ABB Alstom Power India, another group company, to create the country largest power & energy equipment maker.
- Alstom Ltd has informed that at the meeting of Board of Directors of Comp. held on June 21, 2002 Mr K K Moradian, Managing Director submitted his resignation & requested to be relieved from the close of business on June 30, 2002. The Board has accepted the same, the Board appointed Dr Krishna Pillai, Managing Director of Alstom Power India Ltd & already a member of Board, as the Deputy Chairman & Joint Managing Director of company. The Board has also co-opted Mr Ajay Dhagat, who is presently heading the company T&D segment, as an Additional Director was appointed as Joint Managing Director.
2002
-Board co-opted Mr Ajay Dhagat as the Additional Director on the Board of company, Mr K K Moradian MD submits his resignation, Dr Krishna Pillai appointed as MD.
2003
-Promoters of Comp. offload 4.15% of equity to persons acting in concert.
-Signs a 50mn Euro contract with Jayaprakash Power Ventures Ltd India, for supply of major hydro-generating plant equipment for 400MW.
-Bags Rs.87cr contract from Hindalco Industries.
-Sells its Transmission and Distribution activities to Areva for 950 mn Euros.
-Members approve for delisting of shares from Madra Stock Exchange.
-Areva buyes Alstom worldwide Transmission and Distribution business
2004
-Alstom bags order worth Rs 500 Cr from GVK Industries
2005
- HSBC Securities and Capital Markets [Indias] Pvt Ltd ['Manager to the Offer's] for & on behalf of Areva T&DSA ['Acquirers] & Areva T&D Holding SA ['Person Acting in Concert's], pursuant to Regulation 10 & 12 & other applicable provision & as required under the Securities & Exchange Board of India [Substantial Acquisition of Shares and Takeoverss] Regulation, 1997 & subsequent amendments thereto ['Takeover Regulations's] has announced the following to the shareholders of Alstom Ltd ['Target Company's]:
The Offer
Pursuant to Regulation 10 & 12 & other applicable provision of Chapter III of Takeover Regulations the Acquirer is making an Open Offer to the shareholders of Target Comp. to acquire up to 7,977,495 fully paid up equity shares of Rs 10/- each of Target Comp. representing up to 20% of present fully paid up equity share capital of Target Comp. at Rs 75.03/- per equity share ['Offer Price's] to all the shareholders of Target Comp. who tender their equity shares & whose equity shares are acquired by Acquirer.
2007
- Areva T&D India Ltd has appointed Mr. Rathin Basu as Managing Director [MDs] of Company, in place of Mr. A K Dhagat [who has since resigneds], subject to the approval of shareholders. Mr. Basu appointment will be for a period of five years, with effect from February 01, 2007.
2008
-Areva T&D India Ltd has informed that the Board of Directors of Comp. at its meeting held on February 28, 2008, inter alia, has accepted the resignation of Mr. M V Dhekne from the Board & in his place Mr. Subir Raha was included to the Board.
- Areva T&D India & GE Consumer & Industrial-India on Sept 29 declared a strategic partnership to concentrate on turnkey electrical solutions.
- The Comp. has splits its face value from Rs10/- to Rs2/-.
