ICL Fincorp Unlisted Share

Overview

ICL Fincorp Limited was established in 1991 and functions as a non-banking financial organisation that offers customers in India a range of financial solutions. After receiving permission from the Reserve Bank of India, the Company entered the non-banking financial sector (NBFC). Irinjalakuda Credits & Leasing Company Limited was the previous name of ICL Fincorp Limited, which was changed to ICL Fincorp Limited on May 8, 2016. The firm provides debenture products, travel and tourism services, insurance, money transfer, foreign exchange, gold loans, business loans, hypothecation loans, property loans, car loans, hire-purchase loans, and home appliance loans. In the five southern Indian states of Kerala, Tamil Nadu, Telangana, Andhra Pradesh, and Karnataka, the company's branch network increased from 163 to 188, including 4 branches for its subsidiary Salem Erode Investments Limited.

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ICL Fincorp FAQ's

Yes trading in unlisted shares is undoubtedly legal in India. The trading takes place in the over-the-counter market through various platforms like www.pmsnstocks.com.

No, SEBI does not regulate the unlisted share market but certain rules and regulations of SEBI are applicable in the unlisted market space as well, such as, the DP charges for each transaction, stamp duty, lock-in period and more.

Over the years the minimum ticket size for investment has dropped as more and more people have started investing in the Unlisted market. Currently, the minimum ticket size for ICL Fincorp is between 30K to 50K.

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