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Stanrose Mafatlal Investment & Finance Ltd.

BSE: 506105 Sector: Financials
NSE: N.A. ISIN Code: INE441L01015
BSE 13:40 | 03 Oct 89.00 0.55
(0.62%)
OPEN

88.35

HIGH

89.90

LOW

88.30

NSE 05:30 | 01 Jan Stanrose Mafatlal Investment & Finance Ltd
OPEN 88.35
PREVIOUS CLOSE 88.45
VOLUME 596
52-Week high 133.00
52-Week low 80.00
P/E
Mkt Cap.(Rs cr) 35
Buy Price 88.65
Buy Qty 1.00
Sell Price 89.90
Sell Qty 2.00
OPEN 88.35
CLOSE 88.45
VOLUME 596
52-Week high 133.00
52-Week low 80.00
P/E
Mkt Cap.(Rs cr) 35
Buy Price 88.65
Buy Qty 1.00
Sell Price 89.90
Sell Qty 2.00

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.

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