Diversified Financial Services
Company Overview of STCI Finance Limited
STCI Finance Limited primarily engages in the lending business in India. The company operates in two segments, Lending and Treasury. Its retail financial products include loans against marketable securities, such as listed shares, units of open-ended diversified large cap equity mutual funds, gold ETF, government securities, corporate bonds, residential and commercial property, etc.; loans to promoters of listed companies; loans for subscribing to IPO/FPO/rights issue; ESOP finance; and margin funding products. The company also offers corporate financial products, such as term loans for financing expansion/diversification/capacity balancing, as well as augmenting long term working capital, a...
A/B 1-802, Marathon Innova
A-Wing, 8th Floor
Marathon Nextgen Compound
Off. Ganpatrao Kadam Marg, Lower Parel
Founded in 1994
Key Executives for STCI Finance Limited
Chief Executive Officer, Managing Director, Director, Member of Nomination, Remuneration & HRD Committee, Member of CSR Committee and Member of Credit & Investment Committee
Managing Director and Managing Director of STCI Primary Dealer Ltd
Compensation as of Fiscal Year 2016.
STCI Finance Limited Key Developments
STCI Finance Limited, Annual General Meeting, Sep 28, 2016
Sep 12 16
STCI Finance Limited, Annual General Meeting, Sep 28, 2016, at 16:00 Indian Standard Time. Location: A/B 1-802, A-Wing, 8TH Floor Marathon Innova, Marathon Next Gen Compound, off Mumbai-400013 India Agenda: To receive and consider the audited financial statements of the company for the financial year ended March 31, 2016; to appoint a director in place of T.C Venkat Subramanian who retires by rotation and being eligible himself offered for reappointment; to authorize the board of directors of the company to determine the remuneration payable to the statutory auditors; to appoint Melwyn Oswald Rego as a director liable to retire by rotation; to appoint S.K. Behera as a director liable to retire by rotation; and to appoint S.K. Behera as a whole time director designated as deputy managing director.
India Seeks Bids To Sell Government Stakes In Private Firms
Jul 8 16
India has invited bids from bankers for sale of its stakes in companies such as ITC Limited (NSEI:ITC), Reliance Industries Limited (NSEI:RELIANCE), ICICI Bank Ltd. (NSEI:ICICIBANK) Larsen & Toubro Limited (BSE:500510) and AXIS Bank Limited (BSE:532215), as Prime Minister Narendra Modi looks to boost revenues and shrink Asia’s widest budget deficit. Holding company The Specified Undertaking of the Unit Trust of India (SUUTI) will appoint as many as three merchant bankers to advise on transactions involving 51 companies over three years, it said on its website. The government hasn’t set a target for such sales. SUUTI has investments in these 51 listed as well as unlisted companies, like Hindustan Unilever Limited (BSE:500696), ITC, Jaiprakash Associates Limited (BSE:532532) and a host of Tata Sons Limited Group firms. Government holds minority stake in these companies through SUUTI, which was formed in 2003 as an offshoot of erstwhile UTI, and is looking at selling them either through an OFS, block deal, bulk deal or regular sale through stock exchanges. As per the Request for Proposal, SUUTI plans to appoint up to three merchant bankers/advisers and selling brokers for assisting and advising on the SUUTI Holdings for a period of three years. Of the 51 companies in which SUUTI holds stake, 8 are unlisted entities as National Securities Depository Limited, STCI Finance Limited, OTC Exchange of India, Stock Holding Corporation of India Limited, Unit Trust of India Investment Advisory Services Limited, UTI Infrastructure Technology And Services Limited, North Eastern Development Finance Corporation Ltd., NSDL e-Governance Infrastructure Limited and The Specified Undertaking of the Unit Trust of India.
STCI Finance Limited, Annual General Meeting, Sep 23, 2015
Sep 14 15
STCI Finance Limited, Annual General Meeting, Sep 23, 2015., at 16:00 Indian Standard Time. Location: The Board room of the company, at Registred Office A/B1, A Wing, 8th Floor, Marathon Innova. Agenda: To receive, consider and adopt the audited financial statement for the year ended March 31, 2015; to declare dividend on equity shares for the financial year ended March 31, 2015; to consider re-election of Directors; to authorise the Board of Directors to determine the remuneration payable the Statutory Auditors appointed by the C&AG of India for the year 2015-2016; and to consider private placement of Non-Convertible Debenture and / or other Debt securities;.
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