TSRL may come under Tata Finance fold

By Our Special Correspondent

MUMBAI, JULY 4. Tata Finance (TFL) has announced its intention of acquiring 100 per cent shareholding of Tata Share Registry (TSRL) through its subsidiary company, Niskalp Investments & Trading Company Ltd (Niskalp).

According to a press release issued here today by Tata Services, in the ``services'' business sector of the Tata group, financial services is seen as an important area. Bringing TSRL under the TFL's umbrella would not only enable optimal utility of infrastructure, expertise and the branch network of both companies, but would also offer a more comprehensive and well integrated end-to-end range of financial services to the Indian investor.

TSRL which is registered with the Securities and Exchange Board of India (SEBI) as a Category I Registrar, is a closely held company, having a paid-up share capital of Rs. 2.53 crores. The shares of TSRL are now held by those Tata companies which make use of its share registry services. Besides acting as share registrars and transfer agents, for both Tata and non-Tata companies, TSRL also handles the administration of the Fixed Deposit portfolio of a few Tata companies and services almost 2 lakh investors of the Tata Mutual Fund.

TFL is a non-banking finance company (NBFC) offering a wide range of financial services with lending as well as investment products, either through itself or through its subsidiaries and selling retail investment products has been TFL's most significant strengths.

Through its subsidiaries, it has been playing an active role in retail distribution of debt / equity products of FIs, corporates and mutual funds. Full-fledged money changing services and broking services for secondary market trading. Its own fixed deposit portfolio of over Rs. 950 crores, which caters to over six lakh satisfied investors, making it the largest retail resource mobiliser in the NBFC sector.

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Section  : Business
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