|Sales Growth||Profit Growth||Expense Growth||Stock Price CAGR|
RattanIndia Infrastructure (formerly known as Indiabulls Infrastructure and Power) was incorporated on November 09, 2010 with an authorized share capital of Rs 50 lakh divided into 5 lakh equity shares of face value of Rs 10 each.
Pursuant to and in terms of the Court approved Scheme of Arrangement under Section 391 to 394 of the Companies Act, 1956, by and among Indiabulls Real Estate, RattanIndia Infrastructure (formerly known as Indiabulls Infrastructure and Power), Indiabulls Builders, RattanIndia Power (formerly known as Indiabulls Power.) (RPL), Poena Power Supply and their respective shareholders and creditors (Scheme 2011), which had been approved by the Hon’ble High Court of Delhi vide its order dated October 17, 2011 and came into effect on November 25, 2011, with effect from 1 April 2011 i.e. the Appointed Date, - (a) The Power business undertaking of Indiabulls Real Estate (IBREL) which included the IBREL investment in the company, stood demerged from IBREL and transferred to and vested in favor of RattanIndia Infrastructure (formerly known as Indiabulls Infrastructure and Power) (RIL) which had the effect of making RIL the Promoter Group/ holding company of the RattanIndia Power (formerly known as Indiabulls Power.)
During the financial year 2014-15, in accordance with the provisions of Section 13 and other applicable provisions of the Companies Act, 2013, company has received fresh certificate of incorporation consequent upon change of name, from the Registrar of Companies, National Capital Territory of Delhi & Haryana, dated November 3, 2014 in respect of the said change. Accordingly, the name of the Company was changed to ‘RattanIndia Infrastructure Limited’.
Business area of the company
The company’s objects enable it to carry on the business of generating, developing, transmitting, distributing, trading and supplying all forms of the electrical power energy and to establish commission, set up, operate and maintain electric power generating stations and do all other related and ancillary objects.