NBFC PHF LEASING DILUTES STAKE

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Chandigarh: PHF LEASING LIMITED (a part of EZ Capital), is a listed public limited company, and a deposit taking NBFC registered with the RBI, making it a rare type of NBFC to be both.
 The company has its registered office at 923, G.T. Road, Jalandhar, Punjab. It  has been around for almost three decades, since 1992, and is primarily engaged in financing of all types of Two-Wheelers and Four-Wheelers, and forayed into mortgage loans against Immovable Property for supporting MSME and Affordable Housing.
 
This year, the promoters diluted their stake and also issued Non-Convertible Debentures on a private placement basis. According to sources, PHF Leasing is looking to dilute further, and is already in talks with some domestic and International Private Equity Funds to raise Equity & Debt for their future expansion.
 
We tried to contact PHF Leasing Ltd. and one of the promoters, Ashish Bhandari. They were unavailable for comment.

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