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History of Rahul Dairy and Allied Products Ltd.

YEAR EVENTS 1992 - The Comp. was incorporated on 1st January, at New Delhi. It was promoted by Basu Dev Garg, Ram Lal Gupta and Sandeep Gupta. The main object of Comp. is Processing of Milk.

- The Comp. undertook to set up a processing plant with a capacity to process 3 lakh litres p.d. at village Marana, District Kurukshetra, Haryana.

1995 - The inadequate working capital by virtue of lean season, non availability of raw milk at reasonable prices, the overall working could have been still better.

- 25,57,600 No. of equity shares of Rs. 10 each issued, subscribed & paid up [23,57,600 shares to promoters, & 1,00,000 shares each to HSIDC and HAIC respectively. 27,22,400 No. of equity shares of Rs. 10 each were issued in April 1994 of which 1,11,200 shares each were reserved for allotment on a firm basis to HSIDC limited & HAIC [Haryana Agro Industries Corporation Ltd.s] respectively.

- Of the remaining the following were reserved for allotted on a preferential basis:

- [is] 5,00,000 shares to FIIs. [Only 2,50,000 shares taken ups],

- [iis] 5,00,000 shares to Indian Mutual Funds [only 3,50,000 shares taken ups],

- [iiis] 10,000 shares to employees [only 16,000 shares taken ups].

- Balance 14,90,000 shares along with unsubscribed part of 4,08,400 shares form preferential quota was issued to the public.

- Additional 24,600 shares were allotted to retain oversubscription.