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United Leasing & Industries Ltd logo

United Leasing & Industries Ltd

NSE: BSE: 507808

₹32.50

(0%)

Fri, 25 Sept 2026, 08:48 pm

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Company History

1983

  • The Company was incorporated on 13th January.
  • 2,00,000 shares were taken up by promoters, directors, etc.
  • 3,00,000 shares were offered at par to the public in July.

1984

  • The Company entered into specialised vendor leasing business.

1985

  • The Company issued 5,00,000 equity shares of Rs 10 each at par linked to 1,00,000 15% secured non-convertible debentures of Rs 100 each at par.
  • 30,000 debentures and 1,50,000 equity shares were reserved and allotted on a rights basis to equity shareholders.
  • The remaining 70,000 debentures and 3,50,000 equity shares were offered to the public.
  • The Company additionally allotted 7,500 debentures and 37,500 equity shares to existing shareholders and 17,500 debentures and 87,500 equity shares to the public.

1991

  • The Company proposed to extend the date of redemption for non-convertible debentures by 5 years to 27th November, 1997, with an increased interest rate of 18%.
  • 21,990 forfeited shares were reissued.

1992

  • The Company received a category-I Certificate for acting as a Merchant Banker from SEBI.
  • The Company proposed to diversify into the fields of Merchant banking and Bill Discounting.
  • The Company issued 11,25,000 equity shares of Rs 10 each at par on a Rights basis.
  • Additional 1,36,600 shares were allotted to retain over subscription.
  • The Company issued 56,250 equity shares of Rs 10 each at par to employees, with 26,900 shares taken up.
  • The Company issued 5,10,000 equity shares of Rs 10 each at par to the public, with 62,750 additional shares allotted to retain over subscription.

1995

  • The Company promoted Telecom Finance (India) Ltd. jointly with Fujitsu Limited, Itochu Corporation of Japan, and Virgo Marketing (P) Ltd. of India.