Eastern Investment Ltd (EIL)

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Eastern Investment Ltd (EIL)

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About Share

Eastern Investments Limited (EIL) is a prominent non-banking financial company (NBFC) based in India, incorporated in 1927. It was originally part of Bird & Co. Ltd., which came under government control following the Bird & Company Ltd. (Acquisition and Transfer of Undertaking and Other Properties) Act, 1980. This legislation allowed the Indian government to manage the affairs of specified companies, including EIL, to prevent mismanagement

Fundamentals

Eastern Investment Ltd (EIL)

Lot Size

100

52 Week High

52 Week Low

Depository

PAN Number

AABCE0830E

ISIN Number

INE684E01015

CIN

L65993OR1927GOI034842

RTA

Market Cap (in cr)

P/E Ratio

P/B Ratio

Debt to Equity

ROE (%)

-1.30%

Book Value

Face Value

Valuation (In Cr)

Total Shares

144387

Events

Name

Date

Details

Subsidiary Status

05 Jan 2011

EIL became a subsidiary of Rashtriya Ispat Nigam Limited (RINL), which further solidified its position within the public sector framework.

PSU Status

19 Mar 2010

EIL became a public sector undertaking (PSU), indicating its significant role in the financial sector under government oversight.

Incorporation

03 Jan 1927

EIL was incorporated as part of Bird & Co. Ltd., which later came under government control following the Bird & Company Ltd. (Acquisition and Transfer of Undertaking and Other Properties) Act, 1980.

Promoters or Management

Name

Designation

Experience

Linkedin Profile

Shri P.K. Rath

Non-Executive Chairman

Shri D.K. Mohanty

Non-Executive Managing Director

Smt. Swapna Bhattacharya

Government Nominee Director

FAQ's

What are unlisted shares?

Unlisted shares are shares of a company that are not listed on any recognized stock exchange. They are usually traded privately or through over-the-counter (OTC) markets, offering investors an opportunity to invest in companies before they go public.

Are unlisted shares safe to invest in?

Like any investment, unlisted shares carry risks, including lower liquidity and lack of regulatory oversight compared to listed stocks. However, they can offer higher growth potential as you invest in companies before they go public. It's important to conduct thorough research or consult with a financial advisor before investing.

What are the tax implications of buying and selling unlisted shares?

Gains from unlisted shares are subject to capital gains tax in India. Short-term capital gains (if held for less than 24 months) are taxed at your applicable income tax rate, while long-term capital gains (if held for more than 24 months) are taxed at 20% with indexation benefits. Always consult a tax advisor for precise tax implications.

What is the difference between unlisted and listed shares?

Listed shares are traded on stock exchanges and are subject to strict regulatory oversight, which offers transparency and liquidity. Unlisted shares, on the other hand, are traded privately and may have limited information available, with lower liquidity but potentially higher growth prospects for early-stage investors.

How do I value unlisted shares?

Valuing unlisted shares can be complex since they are not publicly traded. The valuation typically depends on factors like the company's financials, growth potential, recent fundraising, and market conditions. It’s advisable to work with financial experts or brokers experienced in unlisted shares to get an accurate assessment.

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Eastern Investment Ltd (EIL)

FAQ's

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