Eastern Investments Limited is a public sector company promoted by Govt. of India..
There are 5 companies within the fold of Eastern Investment Ltd. The most valuable company in this group is Orissa Mineral Development Corporation Limited which is into Iron Ore Mining.
Eastern Investments is holding 51% Shares in OMDC. It belongs to the Bird Group of Companies.
306000 Shares of Orissa Minerals Development Company Limited are held by Eastern Investments, which has a small capital of Rs. 1.44 CRORES.
The Shares of Eastern Investment are available @ Rs.4500.00 / Share
Shares of Eastern Investments Ltd. are listed at Calcutta Stock Exchange although not traded .TRADES ARE DONE IN OFF MARKET.
The Shares of Eastern Investment are dematerialised with NSDL & CDSL.
At todays price of Rs. 33,000.00 / share of OMDC, the value of investments of OMDC in Eastern is approx Rs. 990 Crores, whereas the value of market capital of Eastern Investments is only Rs. 576 Crores.
THE SHARES ARE SOON TO BE LISTED ON NSE AND BSE MOST LIKELY IN 2012-13
Only Long term investors should buy into Shares of Eastern Investments Ltd.
If your are interested in purchasing or selling of shares of Eastern Investments Limited, kindly get in touch.
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Eastern Investments Limited ,a Non-Banking Financial Company (NBFC),was incorporated in the year ,1927.It was nationalized by the Government of India by virtue of the Bird & Company Ltd.(Acquisition and Transfer of Undertaking and other Properties) Act ,1980 (Act. No: 67 of 1980) in the year 1980 and it became a PSU w.e.f 19th March, 2010, it is a shell company, so not classified by DPE.
The paid-up capital of the company Rs. 1.44 crores consisting of 14, 44,387 shares of Rs. 10 each .EIL is listed at CSE.EIL is holding company of The Orissa Minerals Development Company Limited and The Bisra Stone Lime Company Limited. EIL has become a subsidiary of RINL on 5th January, 2011 The revenue source of EIL is mainly dividend income received from OMDC and interest on term deposits with banks. As on 31th March, 2012, the net worth of EIL is 279.80 (Crores) provisional.