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Bombay Swadeshi Stores Ltd was set up in 1905 as a co-operative society and became a public listed company in 1963. In 1991, the Dalals took over the company and relaunched it as The Bombay Store in 1995. 2000 - The Company has proposed to make an offer of 1,40,000 No. of equity shares of Rs 10 each for cash at a premium of Rs 240 per equity share, aggregating Rs 3.50 crores, on a preferential basis to persons other than shareholders of the company subject to approval of the members at AGM of the company. Mr. K. R. Vinodkrishnan has resigned as Wholetime Director, as well as a director in non-executive capacity, with effect from August 1, consequent to his deputation on overseas assignment. Mr. Shashi Nambiar has been appointed as a Wholetime Director in charge of the company's manufacturing faciliites, in place of Mr. Vinodkrishnan, from August 1. The Company has proposed to make an offer of 1,30,2000 No.of equity shares of Rs 10 each for cash at a premium of Rs 240 per equity share, aggregating Rs 3.50 crores, on a preferential basis to persons other than shareholders of the company subject to approval of the members. The company 1,30,000 fully paid-up equity shares of rs. 10/- each at a premium of Rs. 240/- per share aggregating to Rs. 3,25,00,000/- have been allotted, on 21st September.
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