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HB Leasing and Finance Company Ltd.

BSE: 508956 | NSE: | Series: NA | ISIN: INE549B01016 | SECTOR: Finance - Investments

BSE Live

Dec 03, 16:00
3.70 0.08 (2.21%)
Volume
AVERAGE VOLUME
5-Day
6,470
10-Day
6,100
30-Day
5,672
3,062
  • Prev. Close

    3.62

  • Open Price

    3.70

  • Bid Price (Qty.)

    3.70 (3963)

  • Offer Price (Qty.)

    0.00 (0)

NSE Live

Dec 27, 11:22
NT* 0.00 (0.00%)
Volume
No Data Available
0
  • Prev. Close

    -

  • Open Price

    -

  • Bid Price (Qty.)

    - (0)

  • Offer Price (Qty.)

    - (0)

HB Leasing and Finance Company is not listed on NSE
Company History - HB Leasing and Finance Company
YEAR                       EVENTS
 1982 - The Company was incorporated on 30th March, and the
 certificate
        of commencement of business was obtained on 26th June, 1983.
 
      - The main object of the company is to provide Integrated
 Financial
        Services such as Lease Financing, Hire Purchase Financing,
        Venture Capital Financing and Portfolio Investment.
 
      - 70 No. of equity shares subscribed for by the signatories to
 the
        memorandum and 2,09,930 shares allotted to promoters,
 directors,
        their friends etc.  In Feb. 1984, 14,40,000 share issued of
 which
        4,40,000 shares reserved for allotment to promoters,
 directors,
        etc. and 5,50,000 shares reserved for preferential allotment
 to
        Non-Residents of Indian origin/nationality on
 non-repatriation
        basis.  The balance 4,50,000 shares offered to the public
        subcription through a prospectus.
 
 1985 - The Company issued 16,50,000 No. of equity shares of Rs 10
 each
        at par linked with 3,30,000-15% secured non-convertible
        debentures of Rs 100 each on a rights basis and 82,500 No. of
        equity shares to the employees including working directors.
 
      - Allotments were made in respect of 13,86,550 No. of equity
 shares
        (including 82,500 shares to the employees) and 2,60,810
        debentures.  Efforts were being made to dispose of the
        unsubscribed portion through private placement.
 
      - The debentures are redeemable in four equal annual instalments
 of
        Rs 25 each commencing from 24.04.1993.  The debentureholders
 were
        given three option (i) redemption of NCDs in one full
 instalment
        (ii) Exchange of NCDs with zero interest fully convertible
        debentures, (iii) Retain the NCDs on Original term of issue.
 
 1987 - Newer leasing areas entered into by the Company were leasing
        contract for imported equipments, vendor leasing hire
 purchase
        financing, and hi-tech industry.
 
 1989 - The company entered into institutional financing of consumer
        durables.  The performance of the operational lease division
 was
        adversely affected due to detention of its vehicles at
 various
        loading and unloading points.
 
 1990 - 2,25,000 shares allotted from unsubscribed portion of Rights
        issue made in 1985/86.
 
 1992 - During December, the Company simultaneously offered right and
        public issue of 6,52,296 and 16,47,704 zero interest fully
        convertible debentures of Rs 100 each respectively for cash
 at
        par.  Right issue was offered to the existing shareholders in
 the
        ratio of 1 debenture : 5 Equity shares (All were taken up).
 
      - Out of the public issue, 1,60,000 debentures were offered to
 the
        equity shareholders of HB Portfolio Leasing Ltd.  (All were
 taken
        up.  Allowed to lapse).  14,85,856 debentures were offered to
 the
        public (All were taken up).
 
      - Part `A' of Rs 25 was to be converted into one equity share of
 Rs
        10 each at a premium of Rs 15 per share at the end of six
 months
        from the date of allotment.  Part `B' of Rs 75 was to be
        converted into two equity share of Rs 10 each at a premium of
 Rs
        27.50 per share at the end of 12 months from the date of
        allotment.
 
 1993 - 68,94,456 No. of Equity shares allotted on conversion of part
 A
        and B of Zero Interest returned fully convertible debentures.
 
 1994 - 9,06,795 No. of Equity shares allotted on conversion of part
 `A'
        and `B' of Zero Interest Secured fully convertible
 debentures.
 
 2006
 
 -The Company has appointed Mr. Anil Goyal as Managing Director. 
 
 2007
 
 -The Company designated E-mail ID for the purpose of grievance
 redressal of Investors: investor@hbleasing.com.