YEAR EVENTS 1984 - The Company was incorporated on the 19th October. The certificate of commencement of business was issued on 11th February, 1985. The Company is mainly engaged in providing Hire-Purchase and Lease Finance. The Company was promoted by The Motor and General Finance Limited. 1994 - The Company offered 52,50,000 No. of equity shares of Rs 10 each of which 25,00,000 shares to the existing shareholders on right basis in the ratio of 1:2 at a premium of Rs 15 per share, 1,25,000 shares at a premium of Rs 15 per share to those shareholders who fell short of market lot of 100 shares out of the above ratio, 5,200 shares at a premium of Rs 20 per share to employees, 2,62,500 shares to the shareholders of The Motor & General Finance Ltd and the balance 23,57,300 shares at a premium of Rs 20 per shares to public. (52,16,500 shares were allotted under Public-cum-Right Issue). 2011 -Amalgamation of MGF Services Ltd with India Lease Development Ltd. 2012 - Re-appointment of M/s. S.N. Dhawan & Co,,Chartered Accountants. |
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