Inox Leasing and Finance Limited (ILFL) was incorporated on February 17, 1995 as Inox Leasing and Finance Private Limited (ILFL) and the word “Private” was deleted from its name pursuant to the provisions of Section 43A of the Companies Act with effect from November 22, 1995. Further, ILFL changed its status from being a public company by virtue of section 43A of the Companies Act to being a public company with effect from January 28, 1998.
The main business of ILFL is to conduct the business as a finance company including financing industrial, commercial and business operations by means of loans, leasing, hiring and hire purchases, dealing in shares and securities. Currently ILFL, being an investment company, is engaged in the business of financing and investments in equity shares of the companies. ILFL has obtained certificate of registration to carry on the business of a non-banking finance institution vide Certificate of Registration No. B-13.01448 dated January 4, 2001. ILFL also gets rent income from office premises given on lease. From the year 2004-05, ILFL has also commenced the business of distribution of units of mutual funds, and gets brokerage income. ILFL is registered with Association of Mutual Funds of India (AMFI) as a mutual fund advisor.
The Jain family’s tryst with business started more than 90 years ago. In the 1920s, Shri Siddhomal Jain established Siddhomal and Sons, a successful paper and newsprint trading business. In the 1960s, his son Devendra Kumar Jain, a history honours graduate from New Delhi’s prestigious St. Stephen’s College, decided to go beyond the trading business and become an industrialist. He saw great promise in the business of extracting, liquefying and selling gases from natural air, as these industrial gases were widely used in the steel, manufacturing and healthcare sectors – all of which were flourishing in India at that time. He finally established Industrial Oxygen Co. Pvt. Ltd. in Pune in 1963.
INOX Group’s journey of over six decades has been punctuated by many firsts and diversifications – right from setting up plants for manufacturing refrigerants, PTFE resin and other chemicals and gases, to building a brand called INOX – the most popular chain of multiplexes in India. Today, the USD 3 billion INOX Group runs six different businesses. The Jain family, first through Mr. Devendra Kumar Jain’s sons Pavan and Vivek, and now through grandsons Siddharth & Devansh Jain, continue to be involved in every aspect of the business.
|Total Available Shares:||NA|
|Face Value:||₹ 10 Per Equity Share|
|Current Unlisted Share Price:||₹ Best in Industry Per Equity Share|
|Sr.no||Shareholder’s Name||No. of shares||% of shares|
|1||Devendra Kumar Jain||69896||0.70%|
|2||Pavan Kumar Jain||1132219||11.33%|
|Purchase of Stock in Trade||116||1||0|
|Profit Before Tax||179||783||262|
Please find below the procedure for buying Inox Leasing and Finance Limited Unlisted Shares at UnlistedZone.
Please find below the procedure for selling Inox Leasing and Finance Limited Unlisted Shares at UnlistedZone.
Lock-in period of Inox Leasing and Finance Limited Unlisted Shares depends upon category of investors.
DIS - Delivery Instruction Slip is the way through which an investor can sell or transfer the Inox Leasing and Finance Limited Unlisted Shares from his/her demat account to any other demat account. There are two Types of DIS Slip.
In the last 4-5 years, the unlisted share market has become quite big and as a result of that, the ticket size has reduced from usual 5-10 Lac to 35-50k in today's scenario. So, via our UnlistedZone platform, if somebody wants to buy Inox Leasing and Finance Limited Unlisted Shares then minimum investment would be 35-50k.
Yes, buying and selling of unlisted shares in India is 100% legal.
If you sell your shares within 2 years, then you will have to pay Short-term Capital gain on unlisted shares. Short-Term Capital Gain is added in your Income. So, as per individual tax slab you need to pay capital gain tax.
If you sell your shares after 2 years, then you will have to pay Long-term Capital gain on unlisted shares LTCG is 20% with indexation benefits.
Taxes will remain the same irrespective of listing of shares, if bought in unlisted market. Actually, to be eligible for taxes as per listed market, one has to pay STT on buying and selling of shares. But, if you buy in unlisted and sell in listed market, one pay STT only on selling so, taxes of listed market will not be applicable
If you buy Inox Leasing and Finance Limited Unlisted Shares from UnlistedZone then these shares can checked in two ways. However, before we tell you the process of checking of shares, it is intimated that as per SEBI regulations, the shares can be transferred in demat account only.
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The Inox Leasing and Finance Limited Unlisted Shares are credited in demat account same day of transferring funds in our company's bank account.
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If you see the thesis of investment in the unlisted shares then it is being done mainly to take the advantage of IPO market. And, if the IPO plans of company get delayed due to market conditions or any other reason then demand suddenly drops in the market. The unlisted market works mainly on demand and supply and if there is no IPO news then getting exit would be difficult.
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We at UnlistedZone do the valuation based on 2 methods.
As an investor in the unlisted space, we would always recommend that you must check all the risk parameter carefully before investing in the unlisted space.
We source shares either from the employees or initial investors looking to liquidate their Inox Leasing and Finance Limited Unlisted Shares.
Pre-IPO shares means which are planning for an IPO in near future. So, all the shares which are traded on the platform are not Pre-IPO Shares. However, if the company's business is going good and then demand will always be there in the unlisted space, so even if the IPO does not come, the investors can easily liquidate their Inox Leasing and Finance Limited Unlisted Shares in the unlisted market itself.
Rules and regulations of SEBI are applicable in the Unlisted space like lock-in period of 6 months, paying of Stamp Duty, and DP Charges for every transaction etc. However, to become an unlisted broker there is no such regulation by SEBI as of yet.
For tracking news and other information about Inox Leasing and Finance Limited Unlisted Shares, one can visit our website wherein we post news and other information on daily basis and one can also join our telegram channel.