STEL Holdings Ltd Company Summary

STEL Holdings Ltd Summary

STEL Holdings Ltd (Erstwhile Sentinel Tea and Exports Ltd ) was incorporated in year 1994 to carry on the business of export of tea and other related things. The Company is the part of RPG and RPSG group enterprises one of the largest business conglomerates in India. It was earlier a 100% subsidiary of Harrisons Malayalam Ltd. Later on, STEL Holdings Limited was formed consequent to the Composite Scheme of Arrangement approved by the Honble High Court of Kerala in 2010. Harrisons Malayalam Limited (HML) had four wholly owned subsidiaries namely Harrisons Malayalam Financial Services Limited (HMFSL), Harrisons Rubber Products Limited (HRPL), Harrisons Agro Products Limited (HAPL) and Sentinel Tea and Exports Limited. Pursuant to Composite Scheme of Arrangement cited above, the three companies namely HMFSL, HRPL and HAPL merged into HML.Thereafter, the Company underwent some reorganization in 2010 which resulted into Demerger of the Investment Undertaking of Harrisons Malayalam Limited (HML) into the Company, named Sentinel Tea and Exports Limited on a going concern basis. On the 3rd September 2010, the Board of Directors of the Company, issued and allotted 1,84,55,405 Equity Shares of Rs. 10/- each to the shareholders of Harrisons Malayalam Limited. And due to the demerger, the name of the Company got changed from Sentinel Tea and Exports Limited to STEL Holdings Limited.To align itself with business activities, the Company initiated action to change its name and objects to that of an Investment Company. Sentinel Tea and Exports Limited became a listed Company with the Bombay Stock Exchange and the National Stock Exchange, which commenced trading from February 9, 2011.STEL Holdings is an Core Investment Company which invests in a diversified portfolio of quoted and unquoted securities of RPG and RPSG group companies, which are engaged in various businesses with a history of strong operating and financial performance. The typical investment approach of the Company is a combination of value and growth.