History of HFCL Infotel Ltd.

YEAR EVENTS 1946 - The Investment Trust of India limited was incorporated at Chennai. The Comp. invests its fund in Equity & preference shares and Debentures of well established & sound companies & approved trustee, security & Govt. loans. The Comp. also underwrites provincial, Municipal, Improvement Trust & Port Trust loans and capital issues of Joint stock companies. The Comp. also carries on the other business like hire-purchases, equipment leasing, mortgage loans etc.

1947 - 5,000 Rights shares offered at par in the prop. 1:1.

1978 - 5,000 Rights shares issued at par in the prop. 1:1.

1979 - 15,000 Rights shares issued at par in the prop. 1:1.

1982 - 3,00,000 Right Equity shares issued in prop. 1:1.

1986 - 650 forfeited shares reissued. 3,15,000 shares issued [Prem. Rs 5 per shares]: 3,00,000 shares as Rights in [Prop. 1:2s] [all were taken ups]. 15,000 shares to employees [only 6,700 shares taken ups]. Additional 75,000 shares allotted as rights to retain over-subscription.

1989 - 4,90,750 Bonus Equity shares issued in prop. 1:2.

1991 - The Comp. made an application to the Securities & Exchange Board of India [SEBIs] for sponsoring an Asset Management Company & for setting up a Mutual Fund.

- During June-July the Comp. issued 5,88,980 No. of equity shares of Rs 10 each for cash at a premium of Rs 15 per share on Rights basis in the proportion 2:5 [all were taken ups]. Additional 88,347 shares were allotted to retain over subscription.

- The Comp. also issued 29,449 No. of equity shares of Rs 10 each for cash at a premium of Rs 15 per share to employees [including Indian working Directorss] of Comp. [only 29,223 shares taken ups]. A total of 7,06,550 shares were allotted under this issue.

1992 - The Comp. obtained approval for acting as category-1 Merchant Bankers.

1994 - 21,79,000 No. of equity shares were issued to the existing shareholders on Rights basis in the ratio of 1:1 at a premium of Rs 30 per share. 2000 - The Comp. has entered into tripartite agreements with National Securities Depository Limited & Central Depository Services for offering dematerialised facility to its shareholders.

2002-Investment Trust of India, said that it has signed a share purchase agreement with Templeton on July 24 to sell its entire holding in Pioneer ITI to Templeton.The sale consideration would be approximately Rs 104 crore, subject to adjustments, if any, based on various contingencies.

2005

-Huawei Tech signs agreement with HFCL Infotel