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Consolidated Financials
181
CORPORATE OVERVIEW (1-31)
STATUTORY REPORTS (46-122)
FINANCIALS
(h) Number of shares heldby each shareholder holdingmore than 5 percent of the issued share capital :
As at March 31, 2012
As at March 31, 2011
%Issued No. of shares
% Issued No. of shares
share capital
share capital
(i) Ordinary shares :
(a) Tata Sons Limited
25.96% 69,88,33,345
25.61% 13,78,58,939
(b) Life Insurance Corporation of India
6.75% 18,17,10,232
7.61% 4,09,53,666
(c) Tata Steel Limited
5.49% 14,78,10,695
5.49% 2,95,62,139
(d) Citibank N A as Depository
# 43,54,28,360
# 10,97,28,393
(ii) 'A' Ordinary shares :
(a) HDFC Trustee Co Limited - HDFC Top 200 Fund
6.67% 3,21,37,761
*
-
(b) HDFC Trustee Co Limited - HDFC Equity Fund
6.07% 2,92,46,932
*
-
(c) Tata Sons Limited
*
-
17.54% 1,69,01,979
(d) IVY Funds, INC. Asset Strategy Fund
*
-
9.65% 92,98,590
# held by Citibank, N.A. as depository for American Depository Shares (ADSs) and Global Depository Shares (GDSs)
* Less than 5%
During the year, the Company has subdivided Ordinary shares and 'A' Ordinary shares having face value of
`
10 each into 5 shares having face value of
`
2 each. Consequently the number of shares as at March 31, 2011 is not comparable.
(i) Information regarding issue of shares in the last five years
(a) The Company has not issued any shares without payment being received in cash.
(b) The Company has not issued any bonus shares.
(c) The Company has not undertaken any buy-back of shares.
(j) Other Notes
(i) The Company has issued the Foreign Currency Convertible Notes (FCCNs) and Convertible Alternative Reference Securities (CARS) which are convertible
into Ordinary shares or ADSs. Additionally, CARS can be converted into Qualifying Securities in case there has been a qualifying issue as per the terms of
Issue. The terms of issue along with the earliest dates of conversion are given on page 184, note 3.
(ii) The entitlements to 4,93,000 Ordinary shares of
`
2 each (as at March 31, 2011 : 99,310 Ordinary shares of
`
10 each) and 2,73,400 'A' Ordinary shares
of
`
2 each (as at March 31, 2011: 54,832 'A' Ordinary shares of
`
10 each) are subject matter of various suits filed in the courts / forums by third parties
for which final order is awaited and hence kept in abeyance.
(iii) The application for 49,836 Ordinary shares of
`
10 each and 44,626 'A' Ordinary shares of
`
10 each have been received, to be issued out of shares kept
in abeyance as on March 31, 2011, for which allotment is pending.
(iv) During the year ended March 31, 2011, the Company has issued shares aggregating US$ 750 million, comprising ‘A’Ordinary shares aggregating US$ 550
million andOrdinary shares aggregatingUS$ 200million throughQualified Institutional Placement (QIP).Consequently,the Company has allotted 3,21,65,000
‘A’ Ordinary shares at a price of
`
764 per ‘A’Ordinary share (including a premium of
`
754 per ‘A’ Ordinary share) and 83,20,300 Ordinary shares at a price
of
`
1,074 per Ordinary share (including a premium of
`
1,064 per Ordinary share) aggregating to a total issue size of
`
3,351 crores.
(v) Subsequent to the year ended March 31, 2012, the Company has allotted :
(a) 25 Ordinary shares and 26,075 'A' Ordinary shares out of shares held in abeyance; and
(b) 22,370 Ordinary shares upon conversion of one Convertible Alternative Reference Securities (CARS) due 2012 and 1,60,95,391 Ordinary shares
upon conversion of 422, 4% Foreign Currency Convertible Notes (FCCN) due 2014.
NOTESFORMINGPARTOFCONSOLIDATEDFINANCIALSTATEMENTS
FINANCIAL HIGHLIGHTS (32-45)