HB Stockholdings Ltd (HBSL), formerly known as HB Portfolio Leasing (HBPL), was established as a Public Limited Company on July 30, 1985, in Gurugram. Operating as a Non-Banking Financial Company (NBFC), HBSL offers an extensive array of financial services such as personal loans, commercial vehicle finance, housing loans, infrastructure finance, gold loans, microfinance, money transfer, insurance, education funding, and tailored finance solutions. Its operations began in Aug.'95, initially focusing on leasing and securities investments. Currently, its activities mainly revolve around investments, share markets, merchant banking, and leasing, with offices in New Delhi and Bombay.
In December 1994, HBSL went public, issuing 14% unsecured fully convertible debentures at Rs 65 each, along with detachable tradable warrants, to raise funds for expanding infrastructure, repaying secured loans, and bolstering long-term resources. HBSL is registered with SEBI as a category-I merchant banker. Its membership in OTCEI has been transferred to HB Prima Capital, its wholly owned subsidiary. Despite market volatility in 2000, the company managed to consolidate and restructure its investment portfolio, remaining resilient to stock market fluctuations. It anticipates improved performance in the upcoming year, barring unforeseen circumstances, aiming to recover accumulated losses.
HB Stockholdings Limited previously had a subsidiary, HB Prima Capital Limited, which ceased to be a subsidiary on June 25, 2013. The National Company Law Tribunal (NCLT), Chandigarh, sanctioned a Scheme of Arrangement among HBSL, HB Portfolio Limited (HBPL), and HB Estate Developers Limited (HBEDL), along with their shareholders and creditors. The scheme, effective from January 30, 2018, with the appointed dates being April 1, 2015, and April 3, 2015, involves the demerger and transfer of various undertakings among the mentioned entities.
In December 1994, HBSL went public, issuing 14% unsecured fully convertible debentures at Rs 65 each, along with detachable tradable warrants, to raise funds for expanding infrastructure, repaying secured loans, and bolstering long-term resources. HBSL is registered with SEBI as a category-I merchant banker. Its membership in OTCEI has been transferred to HB Prima Capital, its wholly owned subsidiary. Despite market volatility in 2000, the company managed to consolidate and restructure its investment portfolio, remaining resilient to stock market fluctuations. It anticipates improved performance in the upcoming year, barring unforeseen circumstances, aiming to recover accumulated losses.
HB Stockholdings Limited previously had a subsidiary, HB Prima Capital Limited, which ceased to be a subsidiary on June 25, 2013. The National Company Law Tribunal (NCLT), Chandigarh, sanctioned a Scheme of Arrangement among HBSL, HB Portfolio Limited (HBPL), and HB Estate Developers Limited (HBEDL), along with their shareholders and creditors. The scheme, effective from January 30, 2018, with the appointed dates being April 1, 2015, and April 3, 2015, involves the demerger and transfer of various undertakings among the mentioned entities.
