I just read this e-book, simply because, according to my friend this book is written by some of the ingenious individuals who foresaw and also profited even from the financial collapse. - Sunita
I heard people are using this e-book as a Self-help guide to investing. I recently finished studying it, and never have experimented with any of the strategies; however they all appear to make sense. - Rajiv
A fantastic guide overall. Quite different from almost all other value investing publications because it concentrates on finding unique scenarios that are best to invest in. - Alexis
This particular e-book really opened up my eyes to some fresh opportunities and possibilities that while investing I should be looking for. Once you have read this traditional value investing book you will learn a lot. - Kavita
I really like the writer of this book. It is simple, properly explained, amusing, relevant, and incredibly well planned. This particular e-book is really a holy bible for dealing with unique circumstances in the market. - Saurabh

History of Overseas Sanmar Financial Ltd.

YEAR EVENTS 1946 - The Comp. was incorporated as Samy Ltd., on 29th October. The Comp. is orginally engaged in agricultural operations. The Comp. carries on the business of leasing & hire purchase of all type of assets, rendering financial services & lease advisory services to other entities.

1983 - The name of Comp. was changed to Sanmar Financial Services limited on 6th April. The name of Comp. was again changed to the present one with effect from 30th March, 1990.

1984 - 7,000 bonus shares of Rs 100 each allotted in prop. 7:20 on 14.11.1984. Equity shares subdivided in June 1985.

1985 - The Comp. promoted a joint venture Comp. `Overseas Sanmar Leasing Ltd.', in association with the Indian Overseas Bank in order to diversify into other fields.

- 5,00,000 No. of equity shares issued [prem. Rs 4 per shares], of which 25,000 shares reserved for preferential allotment to employees of Comp. & associate companies [all were taken ups]. The remaining 4,75,000 shares offered to the public in November. 2,30,000 bonus shares allotted in prop. 23:27 on 2.1.1986 to the shareholders prior to the public issue.

1987 - The Comp. diversified into property business. 700 shares forfeited on 31.3.1988. These shares were reissued at Rs 14 per share on the same day.

1989 - With effect from 1st April, Overseas Sanmar Leasing limited was amalgamated with Sanmar Financial Services Ltd.

- 10,00,000 bonus shares allotted in prop. 1:1 on 7.11.1989. 4,50,000 shares allotted at par to the Indian Overseas Bank in lieu of its investment of equal amount in Overseas Sanmar Leasing, Ltd., which merged with the Company.

1990 - The Comp. issued 2,06,400-14% non-convertible debentures of Rs 100 each to Mutual Funds on private placement basis. These debentures are redeemable at a premium of 5% in three equal annual instalments commencing from 10th September, 1998.

1991 - The Comp. proposed to diversify into new products & lines of activity with special focus on non-funds based activities like merchant banking. Setting up a Mutual Fund was also under consideration.

- During August-September, the Comp. issued 12,25,000 No. of equity shares of Rs 10 each at a premium of Rs 14 per share on rights basis in the proportion 1:2 [only 11,44,412 shares taken ups]. The remaining 80,588 shares were allotted to SBI Capital Markets Ltd., India Magnum Fund & NV Mutual Fund.

- Simultaneously 65,000 No. of equity shares of Rs 10 each at a premium of Rs 14 per share were offered to the employees [including Indian working directorss]/workers of Comp. [none were taken ups].

1994 - The Comp. entered the non-funded business. 66,15,000 shares issued to the shareholders on right basis at a prem. of Rs 10 per share in prop. 1:1. 77,70,000 shares issued to promoters at a prem. of Rs 18.12 per share on preferential basis.

1995 - The Comp. finalised collaboration arrangement with a leading international financial institution for joint ventures in the areas of Asset Management of Debt Trading.