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The Government of India in view of its planned deregulation of the oil and gobalisation of the economy, decided to disinvest 33.58% of its total equity holding of 59.58% in IBP Co. Limited to a strategic partner with management control. In consequence to such disinvestment, the shareholding of IBP Co. Limited in its erstwhile subsidiary, Balmer Lawrie & Co. Limited, was decided to be de-merged in favour of Balmer Lawrie Investments Limited, which was incorporated on 20 September 2001 under the Companies Act, 1956, in which the President of India holds 59.67% of its total paid up equity capital.
Balmer Lawrie Investments Ltd was founded in the year 1867. Its headquarters is located in Calcutta. Balmer Lawrie is a leader in the market in Steel Barrels, Industrial Greases & Specialty Lubricants, Corporate Travel and Logistics Services. Balmer Lawrie Investments Ltd has office throughout India and in Bedford in the UK.