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Stanrose Mafatlal Investment & Finance Ltd.

BSE: 506105 Sector: Financials
NSE: N.A. ISIN Code: INE441L01015
BSE LIVE 15:40 | 23 Nov 167.75 -1.30
(-0.77%)
OPEN

172.00

HIGH

172.00

LOW

167.00

NSE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 172.00
PREVIOUS CLOSE 169.05
VOLUME 1021
52-Week high 189.00
52-Week low 151.25
P/E 15.09
Mkt Cap.(Rs cr) 67
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 172.00
CLOSE 169.05
VOLUME 1021
52-Week high 189.00
52-Week low 151.25
P/E 15.09
Mkt Cap.(Rs cr) 67
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Stanrose Mafatlal Investment & Finance Ltd. (STANROSEMAFAT) - Company History

The company was incorporated in 1980, under the name Sandeep Holding Pvt Ltd. It became a subsidiary of Mafatlal Industries during the same year. In Oct.'80, the company became a public limited company. A preferential offer of shares of the company was made to the shareholders of Mafatlal Industries in 1981-82 and the company ceased to be a subsidiary of Mafatlal Industries. Thereafter, the Stanrose group acquired further holding from other shareholders, resulting in the company becoming a constituent of Stanrose group of companies. The company has a controlling interest in the flagship of Stanrose group, viz, Standard Industries. The name of the company was changed to the present one -- Stanrose Mafatlal Investment and Finance. The company is engaged in investments and inter-corporate deposits. The company has investments in several blue-chip diversified companies. In the inter-corporate finance section, the company provides finance to its corporate clients for their short-term fund requirements by way of inter-corporate deposits. Some of its clients are McDowell and Co, IIT Capital Services, Merind, Standard Industries, G L Rexroth Industries, etc. The company has two wholly-owned subsidiary companies -- Sandeep Traders and Investments and Stanrose Holdings -- both of which are engaged in investments and inter-corporate finance. Due to recession the real estate industry the joint venture project of property development was deferred.