History

Sterling Guaranty & Finance Limited was originally incorporated as Sterling Lease Finance Ltd. It is promoted by Dhiren D. Mehta & Associates. Company obtained certificate of commencement of business on 2nd January 1984. Sterling came out with an initial public issue of 15,00,000 equity shares of Rs.10/- each for cash at par which was fully subscribed on 30th July 1984. It is listed in Bombay Stock Exchange. Sterling Guaranty & Finance Ltd promoted Sterling Financial Services to become member of National Stock Exchange and OTC exchange of India.

  • 1983: The Company was originally incorporated as Sterling Lease Finance Limited. It is promoted by Dhiren Mehta & Associates.
  • 1984: The Company made public issue of Rs. 15 Million by issuing 15 lac equity shares of Rs. 10/- each for cash at par with Canara Bank as Merchant Bank. Shares were listed in Bombay and Ahmadabad Stock Exchanges. Later shares were delisted in 2009 From Ahmedabad Stock Exchange. Script No.508963.
  • 1991: The Company invested in Sterling Financial Services Ltd. which became subsidiary. Sterling Financial Services Ltd. became members of National Stock Exchange and Sponsor member of OTC Exchange of India.
  • 1994: The Securities & Exchange Board of India registered Sterling Guaranty as a Cat.1 Merchant Bank.
  • 1995: The Company made 2nd IPO of Rs.52.5 Million by issuing 2.7 Million equity shares of Rs. 10/- each at a premium of Rs. 5/- per share to the public and 0.80 Million shares to the promoters. Public IPO was oversubscribed by 7 times. The issue was lead managed by SBI Capital Markets Ltd. and the Industrial Finance Corporation India Ltd.
  • 1999: The Company obtained certificate of Registration Sr. No. 1301229 from Reserve Bank of India to carry on the business of Non-Banking Financial Institution. However at present it does not do any NBFC Business.