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TCI Finance Ltd.

BSE: 501242 Sector: Financials
NSE: TCIFINANCE ISIN Code: INE911B01018
BSE 00:00 | 15 Jun 6.66 -0.73
(-9.88%)
OPEN

6.66

 HIGH

6.78

 LOW

6.66
NSE 00:00 | 15 Jun 6.50 -0.10
(-1.52%)
OPEN

6.60

 HIGH

6.95

 LOW

6.50
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OPEN 6.66
PREVIOUS CLOSE 7.39
VOLUME 9558
52-Week high 8.40
52-Week low 3.80
P/E
Mkt Cap.(Rs cr) 9
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 6.66
CLOSE 7.39
VOLUME 9558
52-Week high 8.40
52-Week low 3.80
P/E
Mkt Cap.(Rs cr) 9
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

TCI Finance Ltd. (TCIFINANCE) - Company History

Incorporated in the mid-seventies TCI Finance was promoted by the TCI group. The company is engaged in financial services. It came out with a rights-cum-public issue in Apr.'95 aggregating Rs 25.5 cr. The rights issue was fully subscribed. However the public issue was under-subscribed. The company has asked the underwriters to honour their underwriting commitments. The adverse market condition was the key factor in the issue not being fully subscribed to.On 8 Jul.'94 the company issued 2.5 lac warrants to the promoter group with an option to apply within 18 months for one equity share against each warrant at a price of Rs 25 per share. In 1995-96 the company incorporated TCI Securities a wholly-owned subsidiary. This has received a membership from Bangalore Stock Exchange. The subsidiary company's main activity will be Stock Broking dealing in shares and securities and other capital market instruments apart from the underwriting and marketing of new issues. During 1996-97 ICRA reaffirmed the rating of MA signifying adequate security and timely repaymentThe total fixed deposits during the year 2001 amounted to Rs.106 lakhs as against the previous year of Rs.376 lakhs.

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