Ind Bank Housing Ltd
Ind Bank Housing | 523465
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About Company
- Ind Bank Housing Limited was incorporated in 1991 for carrying out Housing Finance Business
- Due to slackness in real estate sector, Company ran into rough weather from year 2000 with mouting NPAs
- The Company had suspended fresh lending business since 2000 and was engaged in recovery of loans outstanding
- The accumulated losses of the Company reached Rs 128
- 2016 and Net owned Fund became negative in the year
- Since then, Company started various initiatives to restart its lending operations
- The Company's Board appointed Merchant bankers/Professional Advisors for suggesting various options available to the Company for enhancement of housing finance business through organic/inorganic means and to reach minimum net owned funds to restart operations
- '91, IBHL came out with a public issue of 24 lac equity shares at par aggregating Rs 2
- The proceeds of the issue were utilised to part-finance the disbursement of housing loans to the extent of Rs 100 cr
- It has established branches in major cities like Madras, Coimbatore, Madurai, Thanjavur, Pondicherry, Hyderabad, Mangalore, Bangalore, Vishakapatnam, etc, and has a total of 14 branches
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Frequently Asked Questions
What is Share Price of Ind Bank Housing Ltd?
The current share price of Ind Bank Housing Ltd (Ind Bank Housing) is ₹49.70. This price reflects the latest market valuation and is updated in real-time during trading hours.
What is the 52-week high and low of Ind Bank Housing Ltd?
Ind Bank Housing Ltd has a 52-week high of ₹62.40 and a 52-week low of ₹35.50. This range shows the stock's price volatility over the past year.
What is the ROE of Ind Bank Housing Ltd?
Ind Bank Housing Ltd has a Return on Equity (ROE) of 0.00%. ROE measures how effectively the company uses shareholders' equity to generate profits, with higher values generally indicating better performance.
Disclaimer:
Please note that the above list and information is for research purposes only and are not recommendations. Do your own due diligence or consult an investment advisor before investing. The above data is dynamic in nature and subject to real-time changes and is derived from CMOTS.
