Summary
Enbee Trade & Finance Ltd. was incorporated in July 24th, 1985. The Company is mainly engaged in the business of financing and investment in bodies corporate in order to yield greater revenue for its stakeholders. It operates into one reportable segment viz. loans given.During the period 2015-16, Amar Gala (Acquirer) executed Share Purchase Agreement dated January 22, 2015 with the erstwhile Promoter Shareholders for purchase of Shares of the Company and complied with formalities of the open offer process as per the SEBI (SAST) Regulations, 2011. The declassification of Promoters took place and the acquirer purchased the 58,200 Equity Shares of the Company at a price of Rs. 5/- per Equity Share in Regulations 22(2) and 22(2A) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers), Regulations, 2011, as amended, (Takeover Regulations). During the year under review, the Company on June 4, 2015 has issued and allotted 120,050 Equity Shares of Rs. 10/- each at Rs. 50/- each for which the Company has received the In-Principal, Listing and trading approval from the Stock Exchange where the securities of the Company are listed. Further, during the year, the Company had come up with the Preferential Offer of 7,00,000 Equity Shares of the Company to Promoter, Promoter Group and Non-Promoter Investors (Persons Acting in Concert), by way of Postal Ballot notice dated, 15 results for which were declared on March 12, 2016. On receipt of... Read More
Reports by Enbee Trade & Finance Ltd
Reports by Enbee Trade & Finance Ltd