Snowman Logistics Share price

The Company was incorporated as Snowman Frozen Foods Limited on March 17 1993 as a public limitedcompany under the provisions of the Companies Act. The Company received a certificate of commencement ofbusiness on May 31 1993 from the Registrar of Companies Kerala. The Company was originally promoted byAmalgam Foods Limited. In 1997 Hindustan Unilever Limited (then Brooke Bond (India) Limited) acquired23% of the Company?s equity share capital. In 2001 the Mitsubishi Group acquired a majority stake in ourCompany. Subsequently in 2003 Nichirei Corporation acquired 15% of our Company?s equity share capitalwhich was thereafter assigned to Nichirei Logistics Group Inc. in 2005.In 2006 the Promoter acquired the majority stake in our Company by acquiring 6861000 shares held byAmalgam Foods Limited and by subscribing to fresh shares issued by our Company. Consequently thePromoter held 33.34% of our Company?s equity share capital.In 2010 IFC acquired 20570000 equity shares of the Company. Subsequently on March 17 2011 the name ofthe Company was changed to Snowman Logistics Limited pursuant to a new certificate of incorporation. Thechange in name was to better capture the nature of the business of the Company. In 2013 NVP acquired17142857 shares of the Company. Recently on August 2 2014 the Promoter acquired 5142500 of the sharesheld by IFC and on March 11 2014 the Promoter acquired 7400000 shares from Nichirei and at present holds54.04% share capital of the Company.The table below sets forth the key events in the history of the Company:Year1997 - Brooke Bond (India) Limited acquires a 23% stake1998 - Operations commence in 10 temperature controlled warehouses across India2001- Mitsubishi Corporation and Mitsubishi Logistics Corporation jointly acquire a majority stake2004- Nichirei Logistics Group Inc. (Japan) acquires a 15% stake2006- GDL acquires majority stake by acquiring 6861000 equity shares from Amalgam Foods Limited?s and by subscribing to fresh shares2008- Our temperature controlled warehouses get ISO 22000 (Food Safety Policy) certification2009- Implementation of a new enterprise resource planning system2010- IFC acquires a 20% stake- Certain temperature controlled warehouses received ISO 14001 (Environmental Safety Policy) certification2011- Expansion of our operations in major cities such as Mumbai Bengaluru and Chennai- Set up our Mevalurkuppam (near Chennai) and Bengaluru warehouses.2012 Set up our Taloja (near Mumbai) warehouse.2013- NVP acquired 14.28% stake- Set up our Chennai Bengaluru Visakhapatnam Taloja (near Mumbai) Mulshi (near Pune) and Palwal (near Delhi) warehouses.- GDL acquires 5142500 shares in our Company from IFC2014- GDL acquires 7400000 shares in our Company from Nichirei Logistics Group Inc. to increase its stake to 54.06%