1991 - The Company was incorporated as LIVEWELL HOME FINANCE LIMITED
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
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%
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
- 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.
-Company name has been changed from Livewell Home Finance Ltd to
Sahara Housingfina Corporation Ltd
- Sahara Group has acquired a majority stake in The Plaza Hotel-- a
105-year-old landmark property in New York—for around USD 575