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What is shareholding pattern? Who are shareholders?
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What are dividends?
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Hira Automobiles, incorporated as a private limited company in 1989, became a deemed public company in Jun. '95 and was converted into a public limited company in Aug. '95. It is promoted by Rajinder Kaur Bhattal, former cabinet minister in the Government of Punjab and D S Sangha, a NRI. The company is a profit making one with the sole dealership for Maruti Udyog in the Patiala district of Punjab. It has a workshop for the service and repair of the vehicles sold in Patiala. It now proposes to set up an additional workshop facility at Ludhiana and opening a new showroom at Patiala, besides expansion and modernisation of its existing workshop. The company came out with a public issue in Jan.