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Sahara Housingfina Corporation > Company History > Finance - Housing > Company History of Sahara Housingfina Corporation - BSE: 511533, NSE: N.A
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Sahara Housingfina Corporation
BSE: 511533|ISIN: INE135C01012|SECTOR: Finance - Housing
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Sahara Housingfina Corporation is not listed on NSE
Company History - Sahara Housingfina Corporation
YEAR                                                         EVENTS
 1991 -  The Company was incorporated as LIVEWELL HOME FINANCE LIMITED
  on 
               19th August  and obtained certificate of commencement
 of  business on 25th October.
 
            - The  Company has been originally promoted by Mr.
 E.V.P.S.  Krishna  and Associates.
 
            - The Company has concentrated  in establishing the
 Housing loan portfolio in and
               around Hyderabad and as such 100% of the total loan
 sanctioned are to various
               Government and Semi Government employees placed in
 Hyderabad.  The company
                has at present concentrating on loans upto
 Rs.1,50,000/-.
 
 1992 - The Company does not have any subsidiary as on date.
 
 1996 - The Board Forfeited 30400 No. of  Equity Shares for non
 payment of Allotment Money.
              These shares were subsequently reissued during August.
 
 1998 - The Company has allotted on 31st March, 1,00,000  14%
 Cumulative Redeemable
               Preference Shares of Rs.100/- each aggregating to Rs.1
 Crore on Private Placement basis.
               These Shares are Redeemable on expiry of 60 months (5
 years) from the date of Allotment.
 
 2000 - Livewell Home Finance has been assigned Ind BBB- (Ind Triple B
 Minus) for its fixed
              deposit programme.
 
            - The Management of the company has allotted 20 lakh No.
 of equity shares of Rs 10
               each on preferential basis to directors' relatives,
 friends and associates.
 2007
 
 -Company name has been changed from Livewell Home Finance Ltd to
 Sahara Housingfina Corporation Ltd
 
 2012
 
 - Sahara Group has acquired a majority stake in The Plaza Hotel-- a
 105-year-old landmark property in New York—for around USD 575
 million.
 
 
 
 
Source : Dion Global Solutions Limited
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