Support and Resistance Levels
Past performance
About HB Portfolio Ltd HB Portfolio Limited, established on August 18, 1994, is primarily engaged in investment in securities. Initially named HB Stockholdings Limited, the company underwent a name change in 1997. Significant developments include the 1997 securities allotment, following a High Court-sanctioned Scheme, which resulted in HB Portfolio ceasing to be a subsidiary of HB Stockholdings Ltd. Over the years, the company has undergone various structural changes, including the amalgamation of HB Asset Management with Credit Capital Asset Management in 1999 and the acquisition of HB Corporate Services as a wholly-owned subsidiary in 2000.
A key event in 2018 involved a Scheme of Arrangement, which included HB Stockholdings and HB Estate Developers, leading to a capital restructuring. This scheme resulted in the demerger of HBSL's 'Long Term Equity Investment Undertaking' to HB Portfolio, increasing its equity share capital from Rs 11.99 crore to Rs 17.94 crore. The company has evolved significantly through strategic restructuring and mergers, enhancing its investment portfolio and equity base.