| Market Cap (cr): | 3089.9 | Book Value: | 37115.46 |
|---|---|---|---|
| Lot Size: | 100 | 52 Week High: | 40000 |
| 52 Week Low: | 35000 | EPS: | - |
| Demat Account: | PB: | 0.94 | |
| Face Value: | 10 | Debt To Equity: | 0 |
| No Of Shares: | 882800 | Url: | https://camaccommercial.com/ |
Overview :
Key Takeaways
- Camac Commercial Company Limited is an investment and holding company within the promoter-family orbit associated with Bennett, Coleman & Co. (The Times Group).
- A confirmed, verifiable holding: Camac Commercial holds 5,20,000 shares — 16.25% — of PNB Finance and Industries Limited (as on 31 March 2019).
- PAN: AABCC0733E. The company name derives from Camac Street, Kolkata — one of the city’s principal commercial addresses.
- This is a layered holding structure. Camac Commercial holds shares in PNB Finance, which itself holds a portfolio including HDFC Bank. You are buying a holding company that owns part of another holding company.
- Critical: you cannot value this share without the full investment schedule. Request the latest annual report from Arms Securities before investing.
Understand the Layered Structure — This Is the Key Point
Camac Commercial sits at least two levels above the operating assets.
YOU
└─ buy Camac Commercial Company Limited shares
└─ which holds 16.25% of PNB Finance and Industries Limited
└─ which holds a portfolio including HDFC Bank Ltd and other securities
Why this matters enormously:
- Discounts compound. If Camac trades at a 50% discount to its NAV, and PNB Finance itself trades at a 50% discount to its NAV, the effective discount to the underlying assets is far wider than either alone. This is the deep-value opportunity.
- But value realisation is doubly difficult. For value to reach you, it must flow through two layers — and there is no announced mechanism to make that happen at either level.
- Tax leakage compounds too — dividends passing through multiple entities can face tax at each stage.
This structure suits patient deep-value investors who understand what they are buying. It is entirely unsuitable for anyone seeking liquidity or a defined exit.
Company Overview & Fundamentals
| Parameter | Details |
|---|---|
| Company Name | Camac Commercial Company Limited |
| PAN | AABCC0733E |
| Type | Investment and holding company |
| Name Origin | Camac Street, Kolkata |
| Confirmed Holding | 5,20,000 shares (16.25%) of PNB Finance and Industries Limited |
| Group Association | Bennett, Coleman & Co. (Times Group) family orbit |
| Related Entities | Artee Viniyoga, Ashoka Viniyoga, Combine Holding, Bharat Nidhi |
The Times Group Holding Web
Camac Commercial appears in the PNB Finance shareholding register alongside a recognisable cluster:
| Entity / Person | Stake in PNB Finance |
|---|---|
| Artee Viniyoga Limited | 25.05% |
| Ashoka Viniyoga Limited | 20.37% |
| Camac Commercial Company Limited | 16.25% |
| Samir Jain | 16.21% |
| Meera Jain | 6.13% |
| Combine Holding Limited | 5.05% |
| Indu Jain | 2.43% |
The Jain family — Samir, Meera and Indu — are the promoter family behind Bennett, Coleman & Co., publisher of The Times of India and India’s largest media group. The corporate entities alongside them (Artee Viniyoga, Ashoka Viniyoga, Camac Commercial, Combine Holding) form part of the group’s holding architecture.
Related legacy entity in our catalogue: Bharat Nidhi Limited — established 21 September 1942 as Bharat Bank Limited, also associated with this promoter group.
How to Value Camac Commercial — The Required Work
You must complete this analysis before investing. There is no shortcut.
| Step | Action |
|---|---|
| 1 | Obtain Camac Commercial’s latest annual report and full investment schedule |
| 2 | Identify every holding — the 16.25% of PNB Finance is confirmed, but there may be others |
| 3 | Value the PNB Finance stake: PNB Finance’s FY2019 net worth was ₹13,373.85 lakhs across 32 lakh shares. Camac holds 5,20,000 of those shares |
| 4 | Value any other holdings at market (if quoted) or book value |
| 5 | Subtract liabilities at the Camac level |
| 6 | Divide by Camac’s share count = NAV per share |
| 7 | Compare against the OTC price, and remember the compounding discount effect |
Call Arms Securities at +91-8882245112 and ask us to obtain the latest available disclosures so you can do this properly.
Why Some Investors Buy Camac Commercial Unlisted Shares
- Compounding discount opportunity — a discount on a discount can produce a very wide effective gap to underlying asset value
- Verifiable core holding — the 16.25% stake in PNB Finance is a documented, traceable asset
- Underlying quality — PNB Finance holds quoted securities including HDFC Bank, and generates 82–87% net margins
- Legacy asset value — entities in this group have held securities for decades, potentially far below current market value on the books
- Times Group association — a promoter group of substantial standing
- Extreme scarcity — very few shares circulate, and legacy holdings occasionally surface through estates
Risks to Consider — Read Very Carefully
- Double-layer discount cuts both ways. The same structure that creates the opportunity makes value realisation doubly hard — it requires action at two levels, and none is announced.
- Minimal disclosure. This is the dominant practical risk. Do not invest without the annual report and investment schedule.
- Near-zero liquidity. Extremely few shares circulate. Both entry and exit can take a very long time, and price discovery is poor.
- No control at any level. You have no influence over Camac, and Camac’s 16.25% does not control PNB Finance either.
- Tax leakage at multiple layers — dividends passing through the structure can face tax at each stage.
- Concentration — if PNB Finance’s portfolio falls, your NAV falls through the chain.
- No IPO, restructuring or liquidation announced at any level.
- Physical certificate issues. Legacy holdings may exist as physical certificates requiring transmission and dematerialisation.
- Data currency — the shareholding figures cited are from 31 March 2019 disclosures. Positions may have changed. Verify current holdings.
Buying or Selling Camac Commercial Shares
To buy: Call +91-8882245112. We will confirm availability and obtain whatever disclosure exists before quoting.
To sell — including inherited holdings and physical certificates: This is where we add real value. Many holdings in legacy group companies sit in family estates. We handle authentication, transmission (inheritance transfers), dematerialisation and finding a buyer in a very thin market.
Physical share assistance → | Unquoted shares India →
FAQs
What is the current price of Camac Commercial unlisted shares?
Liquidity is extremely thin. Call Arms Securities at +91-8882245112 for the current position and to request available disclosure before transacting.
What does Camac Commercial Company own?
Its confirmed principal holding is 5,20,000 shares — 16.25% — of PNB Finance and Industries Limited (as on 31 March 2019). It may hold other investments; request the full investment schedule from Arms Securities before investing.
Is Camac Commercial part of the Times Group?
Camac Commercial appears in the PNB Finance shareholding register alongside Samir Jain, Meera Jain and Indu Jain — the promoter family behind Bennett, Coleman & Co., publisher of The Times of India — and alongside related entities Artee Viniyoga, Ashoka Viniyoga and Combine Holding. It sits within that promoter-family holding architecture.
How do I value Camac Commercial shares?
Obtain the latest annual report and investment schedule; value the PNB Finance stake (PNB Finance’s FY2019 net worth was ₹13,373.85 lakhs across 32 lakh shares, of which Camac holds 5,20,000); add any other holdings; subtract Camac-level liabilities; divide by Camac’s share count for NAV per share. Remember that discounts compound across the two layers.
Why is it called Camac Commercial?
The name derives from Camac Street in Kolkata, one of the city’s principal commercial addresses — reflecting the company’s registered origins.
Is there an IPO or restructuring planned?
None has been announced at either Camac Commercial or PNB Finance level. Investors should assume an indefinite horizon with near-zero liquidity.
I inherited Camac Commercial share certificates. What now?
Call +91-8882245112. Arms Securities specialises in physical certificates and legacy holdings — we handle authentication, transmission following inheritance (requiring original certificates, death certificate, succession documents, PAN and bank proof), dematerialisation where possible, and locating a buyer.
Also Read: PNB Finance Unlisted Shares | Bharat Nidhi Limited Unlisted Shares
+91-8882245112 | contact@armssecurities.com
Entity Summary, Analysis & FAQ
Entity Summary + Quick Answers
Camac Commercial at a glance
| Type | Investment and holding company |
| PAN | AABCC0733E |
| Confirmed holding | 5,20,000 shares — 16.25% — of PNB Finance and Industries |
| Name origin | Camac Street, Kolkata |
| Group | Bennett, Coleman & Co. (Times Group) family orbit |
| Recent price reference | ~₹35,000 |
| Where to buy/sell | Arms Securities — +91-8882245112 |
What does Camac Commercial own? Its confirmed principal holding is 5,20,000 shares — 16.25% — of PNB Finance and Industries Limited (as at 31 March 2019). It may hold other investments; request the full schedule before investing.
Why is the share price so high? Because very few shares exist relative to the underlying asset value, and the company sits two layers above the operating assets. Price per share tells you nothing without NAV per share.
The Two-Layer Structure Explained Simply
YOU
└── buy Camac Commercial shares
└── which owns 16.25% of PNB Finance
└── which owns a portfolio including HDFC Bank
Why this creates a genuine opportunity: If Camac trades at a 50% discount to its NAV, and PNB Finance itself trades at a 50% discount to its NAV, the effective discount to the underlying assets compounds — potentially exceeding 70%.
Why it also creates genuine difficulty: For value to reach you, it must flow through two layers. There is no announced mechanism at either level. Tax leakage occurs at each stage.
This suits patient deep-value investors who understand the structure. It is entirely unsuitable for anyone needing liquidity.
The Valuation Worksheet
Complete this before you buy. Arms Securities provides the inputs.
| Step | Input needed | Where to get it |
|---|---|---|
| 1 | Camac’s full investment schedule | Annual report — we obtain it |
| 2 | PNB Finance NAV per share | PNB Finance annual report (FY2019 net worth ₹13,373.85 lakhs ÷ 32 lakh shares ≈ ₹418 book) |
| 3 | Camac’s stake value | 5,20,000 × PNB Finance NAV per share |
| 4 | Other Camac holdings at market/book | Investment schedule |
| 5 | Camac-level liabilities | Balance sheet |
| 6 | Camac share count | Annual report |
| 7 | NAV per Camac share | (Step 3 + Step 4 − Step 5) ÷ Step 6 |
| 8 | Your discount | Compare NAV against the OTC price |
Indian holding-company discount benchmarks: Equitas Financial Services traded at approximately 60% discount; Ujjivan Financial Services at around 40%.
Call +91-8882245112 — we obtain steps 1, 4, 5 and 6 for you.
FAQ
Is Camac Commercial part of the Times Group?
Camac Commercial appears in the PNB Finance shareholding register alongside Samir Jain, Meera Jain and Indu Jain — the promoter family behind Bennett, Coleman & Co., publisher of The Times of India — and alongside related entities Artee Viniyoga, Ashoka Viniyoga and Combine Holding. It sits within that promoter-family holding architecture.
Why is it called Camac Commercial?
The name derives from Camac Street in Kolkata, one of the city’s principal commercial addresses, reflecting the company’s registered origins.
Is there a ROFR on these shares?
Verify before you transact. Some group holding companies carry Right of First Refusal clauses restricting transfers, which directly affects your ability to sell later. Ask Arms Securities at +91-8882245112.
I inherited Camac Commercial certificates. What now?
Call +91-8882245112. We handle authentication, transmission following inheritance (original certificates, death certificate, succession documents, PAN, bank proof), dematerialisation where possible, and locating a buyer in a very thin market.
Can I actually sell these shares?
Yes, but expect it to take time — liquidity is genuinely thin. Arms Securities maintains a buyer network for legacy holding-company shares that few dealers can match. Call for a realistic assessment.
Related Companies & Guides
The connected cluster: - PNB Finance and Industries — Camac holds 16.25% - Bharat Nidhi Limited — same promoter orbit, established 1942 - Spencer & Company Limited — 1897 legacy holding company - Digvijay Finlease - Inox Leasing & Finance
Guides: - Unquoted Shares India - Physical Share Certificate Assistance - Delisted Shares Guide
How to Buy Camac Commercial Unlisted Shares — Complete Process
Buying Camac Commercial unlisted shares takes 24–48 hours from first call to shares landing in your demat account. Arms Securities has executed off-market transfers since 1990 — we are among the founder members of India’s unquoted stock market.
Step 1 — Get today’s live buy price
Call or WhatsApp +91-8882245112 or email contact@armssecurities.com with the company name (Camac Commercial) and the quantity or investment amount you have in mind. We reply with today’s confirmed buy price, available quantity and minimum lot size.
Unlisted share prices are not exchange-quoted — they move with OTC supply and demand — so a live quote matters more than any published figure.
Step 2 — Confirm the deal terms
We lock in the price per share, total quantity and consideration, settlement timeline (typically T+1 to T+2) and applicable stamp duty (0.015% on off-market transfers). Nothing moves until you confirm in writing on WhatsApp or email.
Step 3 — Share your demat details
Send your Client Master Report (CMR) — a one-page PDF from your broker’s app or Depository Participant containing your DP ID, Client ID, beneficiary name, depository (NSDL or CDSL) and PAN.
You do not need a special account. Camac Commercial shares are credited to your existing demat account — the same one you use for listed shares.
Step 4 — Transfer payment
Pay by NEFT, RTGS or IMPS to Arms Securities’ verified bank account. We share full details in writing with the deal confirmation. Never pay to an account shared verbally or by an unverified number — always confirm on +91-8882245112.
Step 5 — Receive shares in your demat account
We initiate the off-market transfer through NSDL or CDSL. Shares are credited within 24–48 hours of payment confirmation. You receive SMS and email from the depository, and the holding appears in your regular demat statement.
Documents required to buy Camac Commercial shares
| Document | Format | Notes |
|---|---|---|
| PAN Card | Scan or photo | Mandatory for all securities transactions |
| Client Master Report (CMR) | PDF from your DP | Contains DP ID, Client ID, beneficiary details |
| Aadhaar / Address Proof | Scan or photo | For KYC |
| Cancelled Cheque | Scan or photo | Bank account verification |
| Payment Confirmation | UTR / screenshot | After NEFT/RTGS transfer |
Everything can be submitted digitally on WhatsApp or email. No physical paperwork, no courier, no branch visit.
Minimum investment in Camac Commercial shares
Minimum investment depends on the prevailing price and the minimum lot available at that moment — both change. Call +91-8882245112 for today’s exact minimum. For allocations above ₹10 lakh, see our bulk unlisted share transactions service.
Is it legal and safe to buy Camac Commercial unlisted shares?
Yes — trading in unlisted shares is completely legal in India.
| Safeguard | How it works |
|---|---|
| Official depository system | Every transfer runs through NSDL or CDSL — the same infrastructure that settles listed shares |
| Your own demat account | Shares are credited directly in your name. Nothing is held on your behalf by us |
| Audit trail | The depository generates an electronic record of every transfer |
| Stamp duty compliance | 0.015% collected by the depository under the Indian Stamp Act 2019 |
| PAN-linked | All holdings are reported against your PAN for tax purposes |
One caution: SEBI has warned investors against unauthorised electronic platforms offering unlisted securities. Deal only with established intermediaries who settle through the depository system and who you can speak to on a phone number.
Buy Camac Commercial shares — call/WhatsApp +91-8882245112
Related: buy unlisted shares in India • off-market share transfer • our transfer procedure • how to buy unlisted shares — step-by-step guide
Sell Your Camac Commercial Unlisted Shares — We Buy
Arms Securities buys Camac Commercial unlisted shares. If you hold them and want to exit, we provide a firm bid, handle the entire transfer, and pay by NEFT/RTGS within 24 hours of receiving the shares.
We buy in every format
| You hold | How we handle it |
|---|---|
| Demat shares | Standard off-market transfer via DIS — fastest route |
| Physical share certificates | Authentication, valuation, transfer deed or dematerialisation |
| Inherited shares | Full transmission support — name transfer from the deceased holder |
| Bulk blocks | Large quantities executed discreetly with preferential pricing |
| NRI holdings | FEMA-compliant documentation and repatriation guidance |
Why sellers come to Arms Securities
Most brokers cannot help you. Your regular stockbroker can only trade listed shares on the exchange. Unlisted shares have no exchange — you need a dealer with an actual buyer network.
We have been that dealer since 1990. We are among the founder members of India’s unquoted stock market, we deal in physical certificates that most modern platforms refuse to touch, and we maintain a standing book of HNI and institutional buyers across 15+ states.
How to sell Camac Commercial shares — step by step
Step 1 — Tell us what you hold. Call/WhatsApp +91-8882245112 with the company name, quantity, and whether your shares are in demat or physical form.
Step 2 — Receive our bid. We quote a firm buy price based on current OTC demand. No obligation.
Step 3 — Submit documents.
For demat holdings: Demat account statement / Client Master Report • PAN card copy • Cancelled cheque • Delivery Instruction Slip (DIS)
For physical certificates: Original share certificates • PAN card copy • Address proof • Cancelled cheque • Transfer deed (Form SH-4) • If inherited: death certificate, succession certificate or legal heir documents
Step 4 — Transfer the shares. Demat: Submit a DIS to your DP transferring shares to Arms Securities — A/C 11323830, DP ID IN302365, DP: Shri Parasram Holdings Pvt. Ltd. You can also execute online via CDSL Easiest or NSDL Speed-e. Physical: Courier the certificates with signed transfer deed. We guide you through the exact process.
Step 5 — Receive payment. On confirmation of share receipt, we release payment by NEFT or RTGS — typically within 24 hours.
Selling inherited or old Camac Commercial share certificates
This is our specialism, and very few dealers in India offer it.
If you have found old Camac Commercial share certificates among family papers — perhaps belonging to a parent or grandparent — you likely have a valid, transferable asset.
- Do not discard them. Old certificates frequently retain real value.
- Photograph them and send to +91-8882245112. We verify authenticity and current status at no cost.
- We check the company’s position — active, merged, renamed, delisted or dissolved — and tell you honestly what your holding represents today.
- If the shares have value, we quote and buy. If not, we explain the position and the capital-loss tax set-off available to you.
Full physical share certificate guide →
Tax when you sell Camac Commercial unlisted shares
| Holding Period | Classification | Tax Rate |
|---|---|---|
| More than 24 months | Long-Term Capital Gain (LTCG) | 20% with indexation benefit |
| 24 months or less | Short-Term Capital Gain (STCG) | Your applicable income slab rate |
- No STT (Securities Transaction Tax) applies to unlisted share transactions
- Stamp duty of 0.015% applies on off-market transfers, collected by the depository
- For inherited shares, the holding period includes the original owner’s period — often making gains long-term automatically
- For NRIs, TDS provisions apply; we guide on documentation
If the shares later list, post-listing tax treatment changes to listed-share rules (12-month LTCG threshold), with the holding period counted from your original purchase date.
Complete tax guide on unlisted shares • Capital gains tax on unlisted shares
Consult a Chartered Accountant for your specific situation.
Sell your Camac Commercial shares — call/WhatsApp +91-8882245112 for a firm bid
Related: sell unlisted shares in India • physical & demat share assistance
Trust & Contact Block
Why Buy and Sell Camac Commercial Shares Through Arms Securities?
| Arms Securities | Typical online platform | |
|---|---|---|
| Years in business | 35+ years (since 1990) | 3–8 years |
| Market standing | Founder member of India’s unquoted stock market | Recent entrant |
| Physical certificates | ✅ Full handling — authentication, transmission, demat | ❌ Usually refused |
| Delisted / suspended shares | ✅ Specialism | ❌ Not offered |
| Inheritance / transmission | ✅ Complete support | ❌ Not offered |
| We buy as well as sell | ✅ Two-way market | ⚠️ Often buy-side only |
| Direct phone access | ✅ Speak to a dealer | ⚠️ Ticket systems |
| HNI clients served | 2,300+ | — |
| Geographic reach | 15+ states | — |
Our pre-IPO track record
Arms Securities identified and supplied pre-IPO shares in companies that became genuine multibaggers for our clients:
DLF • D-Mart (Avenue Supermarts) • Nazara Technologies • LUX Industries • ISGEC Heavy Engineering • L&T Infotech (now LTIMindtree)
The full 35-year Arms Securities story • Arms Securities vs UnlistedZone • ⭐ Client success stories
Contact: +91-8882245112 (Call/WhatsApp) • +91-9899131155 • +91-11-47000023 contact@armssecurities.com • www.armssecurities.com Mon–Fri 9:30–18:00 • Sat 10:00–14:00
Related guides: What are unlisted shares in India • Best unlisted shares to buy in 2026 • Full unlisted share price list • Unlisted shares FAQ • Contact Arms Securities
Balance Sheet of Camac Commercial Unlisted Shares
in ₹ Cr.
| category | FY24 | FY23 | FY22 | FY21 | FY20 |
|---|---|---|---|---|---|
| Equity | 1684.12 | 1732.51 | 1582.74 | 1571.87 | 1498.13 |
| Liabilities | 476.74 | 436.47 | 432.06 | 430.87 | 410.71 |
| Total Equity and Liabilities | 2160.86 | 2168.98 | 2014.80 | 2002.74 | 1908.84 |
| Net Fixed Assets | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Non current Assets | 3.18 | 0.16 | 0.08 | 0.05 | 0.05 |
| Current Assets | 2157.68 | 2168.82 | 2014.72 | 2002.69 | 1908.79 |
| Total Assets | 2160.86 | 2168.98 | 2014.80 | 2002.74 | 1908.84 |
Profit and Loss of Camac Commercial Unlisted Shares
in ₹ Cr.
| category | FY24 | FY23 | FY22 | FY21 | FY20 |
|---|---|---|---|---|---|
| Total Operating Cost | 2.02 | 2.02 | 0.81 | 0.85 | 0.67 |
| Operating Profit (EBITDA) | -2.02 | -2.02 | -0.81 | -0.85 | -0.67 |
| Other Income | 2.96 | 3.43 | 6.37 | 4.28 | 5.28 |
| Profit Before Interest and Taxes | 0.95 | 1.41 | 5.56 | 3.43 | 4.61 |
| Finance Costs | 0.02 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit Before Tax and Exceptional Items Before Tax | 0.93 | 1.41 | 5.56 | 3.43 | 4.61 |
| Exceptional Items Before Tax | 0.00 | 4.70 | 0.00 | 0.00 | 0.00 |
| Profit Before Tax | 0.93 | -3.29 | 5.56 | 3.43 | 4.61 |
| Income Tax | 0.01 | 0.00 | 0.91 | 0.57 | 0.74 |
| Profit for the Period from Continuing Operations | 0.94 | -3.29 | 4.65 | 2.86 | 3.87 |
| Profit for the Period | 0.94 | -3.29 | 4.65 | 2.86 | 3.87 |
Net Sales (in cr.)
Total Income (in cr.)
Operating Profit (in cr.)
Net Profit (in cr.)
Shareholder Funds (in cr.)
Total Assets (in cr.)
Frequently Ask Question
Have Your Any Question?
Open a demat account and purchase through Arms Securities, the most reliable unlisted share broker for secure, verified deals.
Place a sell request with Arms Securities, complete a Delivery Instruction Slip (DIS), and settle safely through escrow-protected off-market transfer.
For pre-IPO allotment, SEBI mandates a 6-month lock-in from listing. For regular OTC transfers, typically, there is no lock-in.
Exclusively on trusted platforms like Arms Securities that guarantee legal compliance and efficient trade execution.
A DIS is submitted through your broker, moving shares securely from your demat account to the buyer’s account.
Yes. All trades via SEBI-registered brokers and demat settlement processes are fully legal and regulated.
Short-term gains (<24 months) are taxed as per your income slab; long-term gains (≥24 months) are taxed at 20% post indexation.
SEBI regulates intermediaries, compliance, and investor protection under the Companies Act and prescribed guidelines.
Arms Securities works with existing investors, promoters, and verified market participants to provide genuine, dematerialized shares and documented transactions.
Subscribe to Arms Securities’ daily price feeds and alerts, and refer to company disclosures and financial updates regularly.