Bonus

NA

Split

ABB India Ltd. has split the face value 1 time since June 28, 2007. ABB India Ltd. had last split the face value of its shares from ₹10 to ₹2 in 2007.The share has been quoting on an ex-split basis from June 28, 2007.

Mergers / Amalgamation

ABB India, a subsidiary of the global technology giant ABB Ltd., has had a few key mergers and restructuring events in its history, particularly in recent years as part of ABB Groups broader strategic moves.

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  Merger with Brown Boveri (1988):

  ABB India was originally part of a global merger between two major companies: ASEA (Sweden) and Brown Boveri (Switzerland), forming what is now known as ABB Group. This merger established ABB as a global leader in automation, electrification, and industrial technology.

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  Acquisition of Power Grids by Hitachi (2020):

  In a significant move, ABB spun off its Power Grids division and sold it to Hitachi in 2020, marking a major restructuring. This deal, which was valued at approximately $11 billion, was aimed at refocusing ABB on its core electrification and automation businesses. The spin-off and sale to Hitachi also led to the formation of Hitachi Energy.

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  Acquisitions to Strengthen Core Businesses:

  Over the years, ABB India has also made strategic acquisitions to bolster its automation and electrification sectors, including the acquisition of a controlling stake in Numocity, an electric vehicle charging infrastructure company, in 2022. These moves reflect ABB Indias commitment to remaining at the forefront of technological innovation, particularly in energy efficiency and automation, while adapting to changing market conditions.

These moves reflect ABB Indias commitment to remaining at the forefront of technological innovation, particularly in energy efficiency and automation, while adapting to changing market conditions.

Physical Shares of ABB India Ltd.

As of now, ABB India Ltd. has transitioned to a dematerialized system for its shares. Historically, physical shares of the company were in circulation, but due to regulations and the drive for digitalization, most shares are now held electronically in demat form. This move was driven by the Securities and Exchange Board of India (SEBI) mandates, which aimed at reducing fraud and simplifying trading procedures.

Unclaimed Shares and Dividends of ABB India Ltd.

Under the Companies Act, 2013, unclaimed dividends and shares are transferred to the Investor Education and Protection Fund (IEPF) after a period of seven years if not claimed by the shareholders. ABB India Ltd., like other companies, adheres to this provision. If dividends are unclaimed for seven consecutive years, both the unpaid dividend amount and the corresponding shares are transferred to the IEPF.