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VLS Finance Ltd.

BSE: 511333 Sector: Financials
NSE: VLSFINANCE ISIN Code: INE709A01018
BSE LIVE 15:40 | 18 Dec 89.70 -1.45
(-1.59%)
OPEN

88.20

HIGH

92.85

LOW

85.25

NSE 15:28 | 18 Dec 89.75 -1.60
(-1.75%)
OPEN

89.50

HIGH

92.95

LOW

85.00

OPEN 88.20
PREVIOUS CLOSE 91.15
VOLUME 56739
52-Week high 102.90
52-Week low 45.60
P/E 598.00
Mkt Cap.(Rs cr) 347
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 88.20
CLOSE 91.15
VOLUME 56739
52-Week high 102.90
52-Week low 45.60
P/E 598.00
Mkt Cap.(Rs cr) 347
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

VLS Finance Ltd. (VLSFINANCE) - Company History

Incorporated in Jan.'86 as Vardhman Leasing and Services, a public limited company, VLS Finance (VLSF) got its present name in Sep.'94. Its activities include credit operations, which covers leasing, hire-purchase, ICDs, merchant banking, treasury, consultancy services, international finance, etc. It came out with its maiden public issue in Feb.'93. It came out with another public issue in Dec.'94 at a premium of Rs 390. The company formed VLS View Asset Management in 1994-95, to set up a mutual fund which has started its operations in collaboration with the VIEW (Venture Investors in the Emerging World) group of Boston, US. Another company, VLS Securities, was also formed to operate in the primary and secondary markets. For this, the company has acquired membership of the NSE and is considering joining other stock exchanges as well. In 1995-96, the company formed two wholly-owned subsidiary companies in Luxembourg VLS International and VLS IRIS India Advisory. Funds to the extent of USD 1.25 mln have been invested in the equity of VLS International. It took up various activities like investment banking, distribution and marketing of Indian issues, project finance and debt syndication, venture advisory services and corporate advisory services, etc, in overseas markets. VLS IRIS India Advisory is the investment advisor of the IRIS India Fund, which primarily invests in the Indian sercurities. Company has also been granted certificate of Registration as Non banking Finance Company by RBI. Reserve Bank of India has remove the ceiling on bank credit in respect of all registered NBFCs engaged principally in Leasing, Hire-Purchase, Loan and Investment activities. Now Bank also provide finance as per loan policy & this will help to improve the outlook of business of viable and efficient NBFCs.