India Finsec Ltd to surrender NBFC-ICC CoR

The Board of Directors of India Finsec Limited, in its meeting held today, have decided to surrender the Certificate of Registration (CoR) granted to India Finsec Limited for carrying on the business of NBFC-ICC, bearing Certificate No. B-14.00127, dated 09.03.2012, in order to facilitate the conversion of JFL Finance Limited (formerly known as IFL Housing Finance Limited), a subsidiary company of India Finsec Limited, from a Housing Finance Company (HFC) to a Non-Banking Financial Company - Investment and Credit Company (NBFC-ICC).

The Company will act as an unregistered Core Investment Company (CIC) upon receipt of approval for cancellation of its Certificate of Registration (CoR) as a Non-Banking Financial Company - Investment and Credit Company (NBFC-ICC), as the Company meets the eligibility criteria to operate as a unregistered Core Investment Company (CIC).

Shares of INDIA FINSEC LTD. was last trading in BSE at Rs. 157.95 as compared to the previous close of Rs. 145.05. The total number of shares traded during the day was 61 in over 10 trades.

The stock hit an intraday high of Rs. 166.60 and intraday low of 145.10. The net turnover during the day was Rs. 9605.00.

Source : Equity Bulls

Keywords

INDIAFINSEC INE474O01010 NBFCICC CoR Surrender