VLS Finance Limited (formerly known as Vardhman Leasing and Services Limited) was incorporated in January, 1986 as a Public Limited Company. 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. The Services VLS Group offer as Merchant Bankers / Consultants comprises of determination of the Optimum Issue Size and Pricing drafting of the Offer Document and filling the same with the authorities for approval coordination with various Regulatory Authorities Private Agencies during the Issue chalk out a successful strategy for marketing of the issue and selection of the Right Market Timing. The Company has a net worth of Rs 10793 Million as on 31.03.2023. Its activities include credit operations, which covers leasing, hirepurchase, 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 199495, 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. For this, the company has acquired membership of the NSE and is considering joining other stock exchanges as well. In 199596, the company formed two whollyowned subsidiary companies in Luxembourg VLS International and VLS IRIS India Advisory. Funds to the extent of USD 1.25 mln have been invested in the equity of VLS International. It took up various activities like investment banking, distribution and marketing of Indian issues, project finance and debt syndication, venture advisory services and corporate advisory services, etc, in overseas markets. VLS IRIS India Advisory is the investment advisor of the IRIS India Fund, which primarily invests in the Indian sercurities.Company has also been granted certificate of Registration as Non banking Finance Company by RBI. Reserve Bank of India has remove the ceiling on bank credit in respect of all registered NBFCs engaged principally in Leasing, HirePurchase, Loan and Investment activities. Now Bank also provide finance as per loan policy this will help to improve the outlook of business of viable and efficient NBFCs.
What is the current share price of VLS Finance Ltd today on both NSE and BSE?
VLS Finance Ltd shares are currently priced at 265 on NSE and 264.8 on BSE as of 4/25/2024 12:00:00 AM. Please be aware that stock prices are subject to continuous fluctuations due to various factors.
How has VLS Finance Ltd [VLSFINANCE] shares performed in the past ?
The past 1-year return of VLS Finance Ltd [VLSFINANCE] share was 54.06. The VLS Finance Ltd [VLSFINANCE] share hit a 1-year low of Rs. 149 and a 1-year high of Rs. 322.2.
What is the market cap of VLS Finance Ltd [VLSFINANCE] ?
The market cap of VLS Finance Ltd is Rs. 922.09 Cr. as of 4/25/2024 12:00:00 AM.
What is the current P/E ratio of VLS Finance Ltd [VLSFINANCE] share price ?
The PE ratios of VLS Finance Ltd is 4 as of 4/25/2024 12:00:00 AM.
What is the current PB ratio of VLS Finance Ltd [VLSFINANCE] share price ?
The PB ratios of VLS Finance Ltd is 0.5 as of 4/25/2024 12:00:00 AM
How can I buy VLS Finance Ltd shares?
You can easily buy VLS Finance Ltd shares in Kotak Securities by opening a demat account and getting the KYC documents verified online.