STEL Holdings Limited, erstwhile known as Sentinel Tea and Exports Limited, was incorporated in 1994 to carry on the business of export of tea and other related things. The Company is the part of RPG and RPSG group enterprises one of the largest business conglomerates in India. It was earlier a 100% subsidiary of Harrisons Malayalam Ltd. Later on, STEL Holdings Limited was formed consequent to the Composite Scheme of Arrangement approved by the Hon'ble High Court of Kerala in 2010. Harrisons Malayalam Limited (HML) had four wholly owned subsidiaries namely Harrisons Malayalam Financial Services Limited (HMFSL), Harrisons Rubber Products Limited (HRPL), Harrisons Agro Products Limited (HAPL) and Sentinel Tea and Exports Limited. Pursuant to Composite Scheme of Arrangement cited above, the three companies namely HMFSL, HRPL and HAPL merged into HML.
Thereafter, the Company underwent reorganization in 2010 which resulted into Demerger of the Investment Undertaking of Harrisons Malayalam Limited (HML) into the Company, named Sentinel Tea and Exports Limited as a going concern. On the 3rd September 2010, the Board of Directors of the Company, issued and allotted 1,84,55,405 Equity Shares of Rs. 10/- each to the shareholders of Harrisons Malayalam Limited. And due to the demerger, the name of the Company got changed from 'Sentinel Tea and Exports Limited' to 'STEL Holdings Limited'.
To align itself with business activities, the Company initiated action to change its name and ...objects to that of an Investment Company.
Sentinel Tea and Exports Limited became a listed Company with the Bombay Stock Exchange and the National Stock Exchange, which commenced trading from February 9, 2011.
STEL Holdings Limited is a Core Investment Company and derives major revenue from investments. Also, the value of the stocks, shares and other securities depends on the prevailing capital markets scenario. The Company's investments are predominantly held in group companies engaged in Power Generation and Transmission, Auto Tyres & Rubber Products, Electric Utilities, Carbon Black, Pharmaceuticals, FMCG Retail etc. The Company invests in Companies, where it is part of the promoter group entity from long-term perspective. The Company invest for the long term while availing opportunities to realize a better gaining position considering the macro economic conditions both globally & domestically.
FAQs on STEL Holdings Ltd
1. Can I buy STEL Holdings Ltd from PL Capital? ›
Yes, you can invest in STEL Holdings Ltd shares directly through PL Capital. Our platform provides a seamless and secure way to buy, hold, and track STEL Holdings Ltd stock along with other leading companies listed on the NSE and BSE. Simply open a Demat and trading account with PL Capital, and you’ll be able to trade STEL Holdings Ltd as well as diversify your portfolio across equities, mutual funds, IPOs, and more.
2. Does STEL Holdings Ltd pay dividends? ›
STEL Holdings Ltd does not currently pay dividends. Investors in this case primarily benefit from capital appreciation, where the value of the stock may rise over time depending on business growth and market conditions.
3. What is the current share price of STEL Holdings Ltd ? ›
As of
01-Jan-1980 , 00:00:00 the share price for STEL Holdings Ltd. is ₹ 484.4 on the NSE (Note: Prices are dynamic and update frequently during market hours).
4. What is the 52-week high and low of STEL Holdings Ltd ? ›
The 52-week high and low of STEL Holdings Ltd share price is ₹ - ₹ as of
01-Jan-1980 , 00:00:00 .
