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United Leasing Ltd.

BSE Live

Feb 17, 16:00
6.20 -0.32 (-4.91%)
Volume
AVERAGE VOLUME
5-Day
90
10-Day
85
30-Day
340
50
  • Prev. Close

    6.52

  • Open Price

    6.20

  • Bid Price (Qty.)

    0.00 (0)

  • Offer Price (Qty.)

    0.00 (0)

NSE Live

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Volume
No Data Available
  • Prev. Close

  • Open Price

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United Leasing is not listed on NSE
Company History - United Leasing
YEAR                       EVENTS
 The Company was incorporated on 13th January 1983. It was promoted by
 R. K. Khanna, Anoop Kumar Khanna and Anil Kumar Khanna. The main
 object of the company is to carry on the business of leasing of all
 types of industrial and office use plant, equipment, machinery,
 vehicles and hire purchase finance business.
 
 2,00,000 shares taken up by promoters, directors, etc. 3,00,000
 shares offered at par to the public in July.
 
 1984 - The Company entered into specialised vendor leasing business.
 
 1985 - In September, in order to augment long-term resources, the
        Company issued 5,00,000 No. of equity shares of Rs 10 each at
 par
        linked to 1,00,000-15% secured non-convertible debentures of
 Rs
        100 each at par.
 
      - Of these, 30,000 debentures and 1,50,000 No. of equity shares
        were reserved and allotted on rights basis to equity
 shareholders
        in the ratio of 3 debentures and 15 equity shares for every
 50
        shares held.
 
      - The remaining 70,000 debentures and 3,50,000 No. of equity
 shares
        were offered to the public on the basis of 50 equity shares
        linked to 10 debentures.  The company additionally allotted
        7,500 debentures and 37,500 No. of equity shares to existing
        shareholders and 17,500 debentures and 87,500 No. of equity
        shares to the public in order to retain over subscription. 
 These
        non-convertible debentures were to be redeemed on 27th
 November,
        1992.
 
 1991 - The Company proposed to extend the date of redemption for a
        period of 5 years to 27th November, 1997 with an increased
        interest rate of 18% payable annually on 31st December.  The
        interest accrued upto and inclusive of 27th November, 1992 and
 5%
        premium will be paid on the original due date of maturity i.e.
 on
        27th November, 1992, whether the holder agree or not to the
        extension of the date of redemption of the said debentures.
 
      - 21,990 forfeited shares reissued.
 
 1992 - The Company has received category-I Certificate for acting as
        Merchant Banker from SEBI.
 
      - The Company proposed to diversify into the fields of Merchant
        banking and Bill Discounting etc.
 
      - During April, the Company issued 11,25,000 No. of equity
 shares
        of Rs 10 each at par on Rights basis in the propn. of 1:1. 
 All
        were taken up.  Additional 1,36,600 shares were allotted to
        retain over subscription.
 
      - Another 56,250 No. of equity shares of Rs 10 each at par were
        offered to the employees.  Only 26,900 shares taken up.  The
        remaining 29,350 shares were allowed to lapse.
 
      - Simultaneously, the Company issued 5,10,000 No. of equity
 shares
        of Rs 10 each at par to the public of which 25,500 shares
 were
        reserved for preferential allotment to employees.  Only
 13,750
        shares not taken up by employees, were offered to the public.
        Additional 62,750 shares were allotted to retain over
        subscription.
 
 1995 - The Company has promoted Telecom Finance (India) Ltd.,
 jointly
        with Fujitsu Limited and Itochu Corporation of Japan and
 Virgo
        Marketing (P) Ltd. of India.