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Sahara Housingfina Corporation Ltd. Company History and Annual Growth Details
YEAR EVENTS 1991 - The Company was incorporated as LIVEWELL HOME FINANCE LIMITED on 19th August and obtained certificate of commencement of business on 25th October.
- The Company has been originally promoted by Mr. E.V.P.S. Krishna and Associates.
- The Company has concentrated in establishing the Housing loan portfolio in and around Hyderabad and as such 100% of the total loan sanctioned are to various Government and Semi Government employees placed in Hyderabad. The company has at present concentrating on loans upto Rs.1,50,000/-.
1992 - The Company does not have any subsidiary as on date.
1996 - The Board Forfeited 30400 No. of Equity Shares for non payment of Allotment Money. These shares were subsequently reissued during August.
1998 - The Company has allotted on 31st March, 1,00,000 14% Cumulative Redeemable Preference Shares of Rs.100/- each aggregating to Rs.1 Crore on Private Placement basis. These Shares are Redeemable on expiry of 60 months (5 years) from the date of Allotment.
2000 - Livewell Home Finance has been assigned Ind BBB- (Ind Triple B Minus) for its fixed deposit programme.
- The Management of the company has allotted 20 lakh No. of equity shares of Rs 10 each on preferential basis to directors' relatives, friends and associates. 2007
-Company name has been changed from Livewell Home Finance Ltd to Sahara Housingfina Corporation Ltd
- Sahara Group has acquired a majority stake in The Plaza Hotel-- a 105-year-old landmark property in New Yorkâfor around USD 575 million.