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FE (India) Limited
Sector:Financial Services Financial Services - NBFC - Small / Medium
BSE:30863NSE:NABloomberg:FNI@INReuters:FIEY.BO
Market Lot: 1Face Value: 10ISIN Demat: INE708C01016
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07-Mar-2014
Business Profile
Financial Eyes (India) was incorporated in the year 1993 with the main object of merchant banking, dealing in shares, stocks and securities of any kind, financing and to carry on various businesses of non banking financial companies (NBFC). Financial Eyes (India) was formerly known as ManKorp Resources and changed its name to Financial Eyes (India) in 2006.

In 2006, Abhilasha Agarwal made an offer to the shareholders of the company to acquire 600,014 shares of the company representing 20% of the paid up capital at a price of Rs 16 per equity share. The company also decided to change its name.

With the acquisition, the company has enlarged its business portfolio by entering into trading in agricultural products, metals including precious stones, diamonds, petroleum and energy products. However the company will continue to carry on the business as Investment Company. Financial Eyes (India) is based in New Delhi, India.


Financials
The company reported fall of 21.29% in standalone net profit on y-o-y basis to Rs 7.90 million, while total income rose 93.03% y-o-y basis to Rs 2.69 billion for the quarter ended December 2013.

Recent Developments
28-MAY-13
FE (India) announced Tuesday that its board of directors has decided to allot 43,47,826 preferential warrants convertible into equal number of equity shares to the persons belonging to promoter category



In Brief

 
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