Capital Structure of PFIZER Limited

 

Authorised Capital

Paid-Up Capital

 

Year

Class of Shares

No of Shares

Face Value Rs.

Total
Amount Rs.

No of Shares

Paid Up Value Rs.

Total Amount Rs.

Remarks

1951

Equity
Unclassified

2000
3000

100
100

200,000
300,000
500,000

2,000

100

200,000

Incorporation in 1950

1960

7.5% Pref.
Equity
Unclassified

15000
65000
20000

100
100
100

1,500,000
6,500,000
2,000,000
10,000,000

15,000
65,000

100
100

1,500,000
6,500,000

8,000,000

15000 pref.shares redeemed. 25100 Equity shares issued.

1963

Equity
Unclassified

650000
1850000

10
10

6,500,000
18,500,000
25,000,000

650,000

10

6,500,000

Rs.100 shares subdivided into shares of Rs.10/- each.

1964

Equity
Unclassified

750000
1750000

10
10

7,500,000
17,500,000
25,000,000

750,000

10

7,500,000

100000 Equity shares issued.

1965

Equity
Unclassified

2000000
3000000

10
10

20,000,000
30,000,000
50,000,000

2,000,000

10

20,000,000

1250000 shares issued. Entire capital held.
by Pfizer Corporation, Panama and its nominees.

1966

Equity Unclassified

2660000
2340000

10
10

26,600,000 23,400,000
50,000,000

2,198,000
462,000

10
6

21,980,000
2,772,000
24,752,000

660000 shares issued in March 1966 at a premium of Rs.15 per share. 198000 shares taken up by directors etc. and employees of the Company and 462000 shares offered to public

1968

Equity
Unclassified

3989100
1010900

10
10

39,891,000
10,109,000
50,000,000

3,987,480
Less:Arrears

10

39,874,800
7,060
39,867,740

Rs2 per share called up on Capital Account by 2nd January, 1958. In April,1958, 1800 shares forfeited. In July, 1968, 1329100 Bonus shares issued in prop. 1:2. 180 forfeited shares were thus reissued.

1972

Equity
Unclassified

5583668
1416332

10
10

55,836,680
14,163,320
70,000,000

5,581,028

10

55,810,280

In April, 1972, 1594568 Bonus Equity Shares issued in the prop. 2:5.

1977

Equity
Unclassified

10048488
451512

10
10

100,484,880
4,515,120
105,000,000

10,045,848

10

100,458,480

4484820 Bonus shares issued in prop. 4:5.

1982

Equity Unclassified

11722788
277212

10
10

117,227,880
2,772,120
120,000,000

11,720,148

10

117,201,480

In Oct. 1982, 1674300 equity shares issued (prem. Rs.8 per share); 223240 shares to UTI; 167430 shares to LIC; 167430 shares to GIC and its subsidiaries; 558100 shares as rights to the existing shareholders other than Pfizer Corporation, Panama (USA) in prop. 5:27 and 558100 shares to the public.

2000

Equity
Unclassified

11722788
28277212

10
10

117,227,880
282,772,120
400,000,000

23,440,296

10

234,402,960

At the 49th AGM held on 25.4.2000, the Authorised Capital of the Company was increased to Rs.40 crores. In July, 2000, 11720148 equity shares were alloted as Bonus shares in the ratio of 1:1.

2003

Equity
Unclassified

28800180
11199820

10
10

288,001,800 111,998,200
400,000,000

28,797,540

10

287,975,400

On 10.9.2003, after the dismissal of SLP at the Supreme Court 5357244 Equity shares were allotted to the Shareholders of Parke-Davis ( India ) Ltd., at the approved swap ratio of 4:9 as per Scheme of Amalgamation. This is pursuant to the Bombay High Court's Order dated 7-2-2003 .

2005

Equity
Unclassified

29844080
10155920

10
10

298440800 101559200

29841440

10

298414400

10,43,900 Equity Shares were issued to the shareholders of Pharmacia Healthcare Ltd. Pursuant to the Order dated 04.02.2005 given by the Honarable Bombay High Court. These shares were alloted on 28.04.2005 and issued on 03.06.2005.

FOREIGN EQUITY DILUTION: During October 1982, the Company issued 16,74,300 new equity shares of Rs. 10 each ar a premium of Rs.8 per share to reduce the foreign shareholding in the Company to 60%.

OFFER FOR SALE : with a view to voluntarily reducing foreign equily shareholding in Pfizer Ltd., from 60% to 40%, Pfizer Corporation, U.S.A. offered for sale in August 1988,23,44,050 equity shares out of their total holding of 70,32,100 shares of Pfizer Ltd. The 23,44,050 shares which were offered for sale were allotted at a price of Rs. 30 per share (face value Rs. 10 and premium Rs.20) in the following manner: (i) 12,30,000 shares to Euphoric Pharmaceuticals Pvt. Ltd., Gujarat , (ii) 9,37,610 shares to the existing equity shareholders of the Company in the ration of 1:5, (iii) 1,17,200 shares to employees and directors of Pfizer Ltd., and (iv) 59,240 shares to business associates of the Company.

NON-CONVERTIBLE DEBENTURES: During 1990-91. the Company issued 14% Non-Convertible debentures aggregating Rs.200 lakhs on private placement basis to ICICI. During 1991-92, the Company issued 2,00,000 – 16.5% redeemable non-convertible debentures of Rs.100 each to ICICI.

These debentures are since third para redeemed period.



 
 
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