Gujarat Lease Financing Ltd Share Price (GLFL)

Gujarat Lease Financing (GLFL) was established in 1985 as a wholly owned subsidiary of the Gujarat Industrial Investment Corporation (GIIC). Its primary aim was to provide financial services to facilitate industrial development within Gujarat. In 1994 GIIC entered into a joint-sector agreement, reducing their stake to 26%. GLFL consequently diversified, establishing divisions for merchant banking, housing finance, investment banking, securities-related credit, and retail finance. GLFL Securities became a registered category I merchant banker with the Securities and Exchange Board of India (SEBI), and a corporate member of the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). Subsequently, a subsidiary company, GLFL Realties, was incorporated to develop real estate projects, while GLFL International was established in 1995 to set up branches in Singapore and Dubai. Recently, the High Court of Gujarat approved GLFLs Scheme of Compromise and Arrangement for Debenture Holders Series E & F, with the company having made arrangement to pay Rs. 5713 Lacs in liability.

Share Price: ₹9.80 per share as on 17 Apr, 2024 02:04 AM
Market Capitalisation: ₹26.59Cr as of today
Listing date: 05 Dec, 1994
Chairperson Name: Animesh Mehta