January 01, 2011

HSBC InvestDirect ( India ) Limited

HSBC InvestDirect ( India ) Limited was incorporated  in 1997 as IL&FS Investsmart

Presently HSBC InvestDirect ( India ) Limited financial services and investment affiliate of the world renowned HSBC group .

Registered Office :-

Dhana Singh Processor Premises ,
JB Nagar,
Andheri- Kurla
Andheri ( East )
Mumbai- 59

RTA

Karvy Compuershare Privte Limited '
Hyderabad-81

Chairman
 Hardeep Singh

Managing director & CEO
 Manasije Mishra

Directors
Dr. Ajay Dua
Ms. Naina Lal Kidwai
Ms. Louisa Chang
Ms. Sonal Dave

Financials ( 31-03-2010 )

Share Capital : Rs.70 cr
Reserves : Rs. 608 cr
Debt : Zero

( 2009 -10 )
Income Rs.14 cr 50 lakh
Net Loss : 1 cr 50 lakh
Dividend  : Nil

During 2010 promoters of  HSBC InvestDirect ( India ) Limited , namely , HSBC Securities And Capital Markets ( India ) Private Limited and HSBC Violet Investments  Mauritius ) Limited through a Reverse book Building  process sought to buy the 7 . 4 % equity from public shareholders.

Most of ths public holding was bought back at the Discovered price of Rs. 400 and the share was delisted w.e.f. July 2010

The option to the remaining shareholders ( i.e. EXIT WINDOW ) is open till 15 July 2011

http://www.business-standard.com/india/news/ilfs-investsmart-renamed-as-hsbc-investdirect/366923/
http://www.hsbcinvestdirect.co.in/index.jsp

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http://www.thehindubusinessline.com/markets/hsbc-investdirect-shuts-shop-in-india/article5244529.ece

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Please Scroll down the following Link for a very interesting analysis on Delisting of HSBC Invest Direct :-

https://contrarianvalueedge.wordpress.com/2013/12/23/delisting-framework-part-ii-fooled-by-randomness/

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General Warning : Investment in shares can be injurious to your WEALTH.

Caution :The blog writer has personal/ family members' holdings in this company ,so please make suitable "provisions " for likely over optimism .

( All comments / facts given in good faith. Please recheck all points before taking any investment decision. No responsibility with this blog / writer )

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