KARNAVATI FINANCE Share price

The Company History are:The company was originally Incorporated as Karnavati Finance And Leasing Limited? at Mumbai on December 5 1984 and received certificate of commencement on May 7 1985 by Registrar of Companies Mumbai. The name of The Company was changed to "Karnavati Finance Limited" on December 11 1989. The Company is a NBFC registered with RBI to carry on NBFC activities under Section 45IA of the Reserve Bank of India Act 1934 bearing certificate no. 13.00064 dated February 24 1998.In the year 2001-2002 the company was taken over by present promoter Mr. Raman Morzaria by acquiring 251000 Equity Share at Rs 10.50 per equity Shares from Mr. Rajnikant Worah and his associates via share purchase agreement dated May 10 2001. The Company mainly involved in business loans and personal loan. The loan products are customized to the equirements of our borrowers broadly classified as: A. Business Loan B. Personal finance Major Events are:YearEvents1.1983-1984- Incorporation Of Our Company as Karnavati Finance & Leasing Limited 2.1985-1986- Certificate Of Commencement of Business 3.1989-1990 - The Name Of The Company Change from Karnavati Finance & Leasing Limited to Karnavati Finance Limited 4.1997-1998- RBI approval to carry on NBFC Activities 5.2001-2002- Change In Management - Company Acquired By Mr. Raman Morzaria existing Promoter