NBI Industrial Finance Company Share Price

N.B.I Industrial Finance Company Limited was originally incorporated on December, 21, 1936 in the name of The New Bank Limited under the Companies Act, 1913. The name of the company was subsequently changed to The New Bank of India Limited with effect from 4th November, 1941. The Company was carrying on banking business at that time. The banking business of the Company was taken over by the Govt. of India in the year 1980. After nationalization of the banking business the Company changed this name to N.B.I. Industrial Finance Co. Limited with effect from May 26, 1981 since then the company has been carrying on business as a Non Banking Financial Company (NBFC). The company is registered with Reserve Bank of India as NBFC. The company is presently engaged mainly in investment in shares in securities financial activity. The Company has only one class of shares equity shares of par value Rs.10/ each. In FY 2017, the Board has proposed subject to members approval to subdivide each Equity Share of nominal value of Rs 10/ each in the Capital of the Company fully paidup, into 2 Equity Shares of Rs.5/ each fully paidup and all the Equity Shares of Rs 10/ each fully paid would then stand converted into equity shares of Rs.5/ each on approval of the members at the ensuing Annual General Meeting by way of Special Resolution with consequential amendment to Capital Clause of Memorandum of Association of the Company as proposed.In 202223, through the Scheme of Arrangement for Amalgamation, Western India Commercial Company Limited has been merged with the Company effective on April 1, 2022.Shree Cement Marketing Limited (SCML) had become associate of the Company after amalgamation of Western India Commercial Company Limited. The Company held 36% of the equity share capital of SCML and the Company disposed of by sale of its investment in equity shares of SCML. As a result, the said entity ceased to be an associate with effect from 6 March 2026.