Invigorated Business Consulting Ltd Share Price (511716)

Incorporated in 1987 and promoted by Escorts, Escorts Finance Ltd is a trusted name in the financial services industry of India. It is registered as a Category 1 Merchant Banker with SEBI and provides hire purchase/ lease finance to corporates/individual clients for acquisitions such as light and heavy commercial vehicles, cars, two wheelers, textile machinery, packaging machines, computers and consumer durables. In 1992, the company launched its portfolio management scheme (discretionary and non-discretionary). In 1995, it came out with a public issue to further strengthen its hire purchase and lease activities and diversifying into other financial services.The company acquired 30% of the equity capital of another finance company, Escorts Consumer Credit Ltd and launched Ecash, a smart card based secured electronic purse to facilitate off line transaction processing without the need for authorisation. Its Capital Adequacy Ratio stands at 29.09 against the specified 12 (RBI), indicating its strong financial health. Meanwhile, the company is also exploring avenues to further diversify its operations in 2004, and its rating on public deposits of MA is reaffirmed by ICRA.

Share Price: ₹9.19 per share as on 19 Apr, 2024 04:01 PM
Market Capitalisation: ₹35.26Cr as of today
Listing date: 20 Jun, 1995