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SBI Home Finance
BSE: 500379|NSE: SBIHOMEFIN|ISIN: INE627A01012|SECTOR: Finance - Housing
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SBI Home Finance is not traded in the last 30 days
SBI Home Finance is not traded in the last 30 days
Company History - SBI Home Finance
YEAR                                                             
 EVENTS
 1980 - 10,34,200 shares were allotted to SBI Capital Markets, Ltd.,
 10,34,200 shares 
              to HDFC, 7,50,000 shares to UTI, 5,00,000 shares to LIC,
 5,00,000 shares to 
              GIC and its subsidiaries and 11,81,600 shares to other
 corporate bodies.
 
 1987 - SBI Home Finance Ltd. was incorporated on 11th November 1987
 as a
              Private Limited Company in the name and style of Housing
 Promotion Finance
              Corporation (P) Ltd.  It was later converted into a
 Public Limited Company on 
              23rd May 1988. 
 
            - The Company was promoted jointly by the State Bank of
 India and the Housing
              Development Finance Corporation Ltd., for providing long
 term  finance for 
              housing with main thrust in the Eastern and North 
 Eastern region.
 
            - The leading financial institutions viz., the LIC, UTI,
 GIC and its associates 
               participated in the equity capital as was done by a few
 private corporate bodies.
               It was promoted mainly with the objective of providing
 long term housing finance
               for purchase or construction of housing units
 especially in Eastern and North
               Eastern parts of India.  The Company provides long-term
 finance for housing in
               India to individuals, Corporate Bodies, promoters and
 developers, Housing 
               Boards, etc.
 
            - Other activities include making short-term investments
 in Units of UTI, Central 
              State Government securities, various schemes of SBI, LIC
 and GIC Mutual Fund; 
              in treasury bills, CDS of IDBI and nationalised banks
 etc; in Commercial paper of
              rated Companies.
 
 1991 - The name of the Company was changed from Housing Promotion &
 Finance 
              Corporation, Ltd., to SBI Home Finance limited with
 effect from 11th April.
 
 1992 - Authorise capital reclassified 14,67,500 Rights equity shares
 issued at par in 
              prop. 1:2 to shareholders other than SBI Capital
 Markets, Ltd. or its nominees
              and HDFC.
 
 1993 - The objects of the public issue of capital made during
 February  were to arrange
               long term resource requirements and to meet  working
 capital needs of the 
              Company.  In addition, the issue was made to enhance the
 Net Owned Funds of 
              the Company.
 
           - 85,32,500 No. of equity shares were issued at par out of
 which 28,67,500 shares to 
             SBI Capital Markets, Ltd. or its nominee  State Bank of
 India and 10,67,500 shares
             to HDFC were reserved and allotted on firm basis.  Out of
 the remaining 45,97,500
             shares to HDFC were reserved and allotted on a firm
 basis.  Out of the remaining 
             45,97,500 shares, 5,00,000 shares were reserved for
 preferential allotment to 
             employees etc. of the company and those of promoter
 companies (only 1,87,800 
             shares taken up).  The balance 40,97,500 shares along
 with 3,12,200 shares not taken
             up by employees were offered to the public in February
 1993. (All were taken up).
 
 1996 - The Company proposed to diversify into the business of
 providing
              loans for long term purchase of plots,
 construction/purchase of
              commercial permises and other financing activity
 ancillary to
              housing.
 
 2000 - Issue of 2,50,00,000 No. of equity shares to institutional
 shareholders on 
              preferential basis.
 
           - The Company issue 25,00,000 preference shares of Rs. 100
 each on
              private placement basis.
 
           - The Company has chalked out a major branch expansion
 drive to 
              strengthen its marketing activities and network in South
 India.
 
            - SBI Home Finance Ltd has appointed C Narasimhan as
 Managing Director
              with effect from 31st October.
 
 2001 - SBI Home Finance Ltd. the housing finance affiliate of State
 Bank of India, has
              introduced a unique scheme for VRS takers.
 
           - SBI Life Insurance on September 19 launched two new
 single premium products, and plans to come out  with couple of more
 schemes by this month end
 
            - Ordinary shareholders of SBI Home Finance Ltd (SHFL), at
 the 13th annual general meeting held here on September 22, authorised
 the company's board to issue and allot fresh equity shares to an
 extent of Rs. 85 crore with a face value of Rs 10 each.
  
 2002- The Board of Directors of SBI Home Finance Ltd has appointed
 Shri P K Bhattacharjee,              as Director & Chairman on the
 Board of SBI Home Finance Ltd.
 
 -SBI Home Finance Ltd has informed that Shri D Chatterji has ceased
 to be a Director on the Board of SBI Home Finance Ltd with effect
 from December 14, 2002.
 
 2003-SBI Home Finance Ltd has informed BSE that at its meeting held
 on February 19, 2003 that the Board of Directors appointed Mr G
 Padmanabhan as Managing Director of the company vice Mr. C Narasimhan
 who has been relieved from his responsibilities as Managing Director
 of the company w.e.f February 19, 2003. Further, Mr. Asish K
 Bhattacharya has also been inducted as a Director on the Board of the
 company with effect from February 19, 2003.
 
 -SBI Home Finance Ltd has informed that at its meeting held on
 November 28, 2003 the BOD have approved the release of Mr. P K
 Chakravarty, Asst. Gen. Manager & Company Secretary w.e.f. November
 01, 2003 who has voluntarily retired from the services of the
 company. Mr. S Bhattacharjee practising Company Secretary has been
 engaged by the Company as a Consultant on a part time basis to look
 after its Secretarial Affairs till such time a new Company Secretary
 is appointed.
 
 -SBI Home Finance Ltd has informed that at its meeting held on
 November 28, 2003 the BOD have appointed Mr. Indrajit Gupta and Mr.
 Chandan Bhattacharya as Directors of the company vice Mr. D P Roy and
 Mr. KSV Krishnamachari who ceased to be Directors on the Board of SBI
 Home Finance Ltd w.e.f. October 23, 2003.
 
 2004
 
 -Sbi Home Finance Ltd has informed that Shri Chandan Bhattacharya and
 Shri K C Mehra have ceased to be Directors on the Board of SBI Home
 Finance Limited wef January 08, 2004 and December 23, 2003
 respectively.
 
 2006
 
 --Registered Office of the Company has been shifted from Nagaland
 House, 11 & 13, Shakespeare Sarani, Kolkata - 700071  to Jeevandeep
 Building, 4th floor, 1, Middleton Street, Kolkata 700 071
 
 2007
 
 -Sbi Home Finance Ltd has informed that Shri Manab Ray Chaudhuri who
 retired by rotation at the Annual General Meeting held on June 06,
 2007 has been re-appointed as Director of the Company at the same
 Annual General Meeting.
 
 -SBI Home Finance Ltd has appointed Shri. G I Mondal as Managing
 Director of the Company w.e.f. December 19, 2007.
 
 2008
 
 -Sbi Home Finance Ltd has appointed Shri G.I.as Managing Director of
 the company w.e.f., 19th December , 2007.
Source : Dion Global Solutions Limited
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