|₹32.5 / ₹12.05|
What is shareholding pattern? Who are shareholders?
What is a cash flow statement?
What is a balance sheet?
What is a profit and loss statement?
What are dividends?
What are bonuses?
Promoted by N Mahalingam in 1955 as The Pollachi Credit Society Pvt Ltd, the name was changed to Sakthi Finance (SFL) in 1967. N Mahalingam is the chairman, and M Balasubramaniam is the managing director. SFL is in the business of mobilising deposits, hire-purchase financing and leasing of vehicles, machinery, mortgage financing, renting out safe deposit lockers, etc. In Apr. '93, it came out with a rights issue of 32. 1 lac equity shares (premium : Rs 20), aggregating Rs 9. 63 cr. The issue was to partly meet the Rs 66 cr required for deployment in hire-purchase and leasing.