₹ 588.55 -6.50 (-1.09%)
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Overview
- BSE Code 517380
- NSE Symbol IGARASHI
- ISIN Demat INE188B01013
- Book Value (₹) 147.91
- Face Value (₹) 10.00
- Market Cap (₹ Cr.) 1,904.87
- P/E (TTM) 78.80
- EPS (TTM) 7.68
- Div Yield (%) 0.41
Performance
Corporate Actions
Igarashi Motors India Limited - Disclosure under SEBI Takeover Regulations
Apr 22, 2025Igarashi Electric Works (H.K) Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
Igarashi Motors India Limited - Disclosure under SEBI Takeover Regulations
Apr 22, 2025Igarashi Electric Works Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
About Igarashi Motors India Ltd
CG Igarashi Motors (CIM), incorporated in Jan.'92 was promoted by Crompton Greaves (CGL), Igarashi Electric Works (IEW), Japan, and International Components Corporation (ICC), US.
CIM manufactures permanent magnet micrometers. The company has technical collaborations with IEW and ICC for technology transfer and sourcing of all critical plant and equipment. CIM also has a marketing arrangement with ICC under which ICC will purchase five mln micrometers pa from CIM. CIM plans to venture into high-volume subcontracting for end-user multinational companies.
The company came out with a Rs 2.77-cr public issue in Jan.'94 to part-finance a 100% EOU to manufacture permanent magnet DC micro motors. Total project cost was at Rs 10 cr.
During 1997-98, the company has broadened its footprint capacity of Rotors by 1.5 million nos there by taking the capacity to 3.5 million nos and then to 6 million nos in 1998-99. The company was certified QS 9000 in November 1998 and the Quality System has been upgraded to conform to the latest edition of QS 9000 with effect from January 2000.
During 2002-03 Crompton Greaves Limited have divested their holding in favour of Igarashi Electric Works. Since Igarashi Electric Works(HK) ltd have executed a strategic acquisition of 30,99,993 equity shares of CG Capital & Investments Ltd, the Board has decided to change the name of the company and the Registrar have approved 'Igarashi Motors India Limited' as the new name.
The company is examining the possibility of spinning off its non motor business into a strategic emphasised JV with Igarshi Electric Works, Japan.
| Founded | : 1992 |
| Chairman | : K K Nohria |
| Managing Director | : R Chandrasekaran |
| Address | : Plots No B-12 to B-15 Phase II, MEPZ-SEZ Tambaram, Chennai, Tamil Nadu, 600045, |
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