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Balmer Lawrie Investments Share price Target

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Balmer Lawrie Investments Share price Target

Balmer Lawrie Investments Share price Target Today we discuss about Balmer Lawrie Investments Share price Target is 370rs 480rs 520rs 647rs.

Company Profile Balmer Lawrie Investments Ltd. Balmer Lawrie Investments Ltd is a government company under section 617 of the Companies Act, 1956. The President of India is the major shareholder holding to the tune of 59.67 % of its total paid up equity capital.

Balmer Lawrie Investment Share Price Target

Monthexpected  target
January329RS
February375RS
March346RS
April367RS
May375RS
June395RS
July371RS
August363RS
September394RS
October401RS
November373RS
December425RS

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Balmer Lawrie Investments Share price Target

Though being a Non banking Financial Institution under the Reserve Bank of India Act, 1934, it does not carry any non banking financial activity except holding of equity shares of its subsidiary Balmer Lawrie & Co. Ltd. , transferred from IBP Co. Ltd. This company was incorporated on September 20 , 2001 under the Companies Act , 1956 and presently its equity shares are listed with ‘ The Calcutta Stock Exchange Association Ltd. ‘ and ‘ Bombay Stock Exchange Ltd ‘ .

The government of India , in view of its planned deregulation of the oil and gobalisation of the economy , decided to disinvest 33.58 % of its total equity holding of 59.58 % in IBP Co. Limited to a strategic partner with management control .

In consequence to such disinvestment , the shareholding of IBP Co. Limited in its erstwhile subsidiary, Balmer Lawrie & Co. Limited , was decided to be de – merged in favor of Balmer Lawrie Investments Limited , which was incorporated on 20 September 2001 under the Companies Act , 1956 , in which the President of India holds 59.67 % of its total paid up equity 4G

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