229.23 4.58(2.04%)
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VLS Finance Limited, formerly known as Vardhman Leasing and Services Limited was incorporated in January, 1986 as a Public Limited Company, which subsequently changed its name to VLS Finance Limited in September, 1994. The Company voluntarily surrendered the Certificate of Registration (CoR) with RBI which has been accepted by the RBI effective from 29/01/2014. Thereafter, it applied for membership of Bombay Stock Exchange (BSE) and the same was approved by BSE vide letter dated 14/05/2014. The SEBI Registration Certificate in connection thereto received vide letter dated 01/10/2014 and thereafter the Company is, inter alia, carrying on business as stock broker and proprietary investments. 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...