My Application Form Status

Check the status of your application form with Angel Broking.
Arq - The Hyper Intelligent Investment Engine By Angel Broking
Reliance Capital gains after board approves independent listing of home finance business

Reliance Capital gains after board approves independent listing of home finance business

Sep 14,2016

The announcement was made yesterday, 13 September 2016, when stock market remained closed on account of Bakri Id.

Meanwhile, the S&P BSE Sensex was down 46.19 points or 0.16% at 28,307.35.

On BSE, so far 6.75 lakh shares were traded in the counter as against average daily volume of 5.01 lakh shares in the past one quarter. The stock hit a high of Rs 561.50 and a low of Rs 546.65 so far during the day. The stock had hit a 52-week high of Rs 574 on 9 September 2016. The stock had hit a 52-week low of Rs 303.60 on 12 February 2016. The stock had outperformed the market over the past one month till 12 September 2016, rising 21.96% compared with 0.71% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 32.06% as against Sensexs 6.45% rise.

The large-cap company has equity capital of Rs 252.63 crore. Face value per share is Rs 10.

Reliance Capital said the independent listing of Reliance Home Finance (RHF) is expected to unlock substantial value for existing shareholders of Reliance Capital. The listing of Reliance Home Finance will also lead to increased management focus and accelerated growth in the home finance business. As per the proposal, 49% stake in Reliance Home Finance Limited will be allotted to all shareholders of Reliance Capital, in the ratio of one share free of cost in Reliance Home Finance for every one share held in Reliance Capital.

Reliance Capital will hold a 51% stake in Reliance Home Finance, and the company will be adequately capitalised to grow the lending book to over Rs 20000 crore in the next 18 months. The proposal is subject to necessary shareholders and other approvals. Reliance Home Finance, a 100% subsidiary of Reliance Capital, provides a wide range of loan solutions like home loan, LAP, construction finance and affordable housing loans. The company reported an AUM of Rs 8259 crore ($1.2 billion) during the quarter ended 30 June 2016.

Mr. Anmol A. Ambani, Director, Reliance Capital said Prime Minister, Narendra Modi has set a goal of affordable housing for all by 2022. There is presently an estimated shortage of 10 crore residential units in India. To address the needs of this sector, Reliance Home Finance has charted an aggressive growth plan in this space, and aims to increase its book size to over Rs 50000 crore in the next few years.

On a consolidated basis, Reliance Capitals net profit rose 3% to Rs 207 crore on 48.3% growth in total income to Rs 3663 crore in Q1 June 2016 over Q1 June 2015.

Reliance Capital, a part of the Reliance Group, is one of Indias leading private sector financial services companies.

Powered by Capital Market - Live News

Kotak Mahindra Bank acquires 26% stake in Kotak Mahindra Old Mutual Life Insurance
Apr 28,2017

Kotak Mahindra Bank has executed a Share Purchase Agreement, for acquisition of 13,26,75,452 equity shares of Rs 10 each, being 26% of the equity shareholding of Kotak Mahindra Old Mutual Life Insurance, a subsidiary of the Bank, from an existing shareholder, Old Mutual Plc, for a consideration of Rs 1292.7 crore payable in cash.

Powered by Capital Market - Live News

Kotak Mahindra Bank may gain on acquiring 26% stake in Kotak Life
Apr 28,2017

Kotak Mahindra Bank announced that it has entered into an agreement to purchase the entire 26% equity stake held by Old Mutual plc, UK (OM) in Kotak Mutual Life Insurance for a consideration of Rs 1292.70 crore. The announcement was made before market hours today, 28 April 2017.

After the completion of the transaction, Kotak Mahindra Group will hold 100% stake in Kotak Life. Kotak Life is currently a joint venture between Kotak Group and OM.

Sun TV Network has launched new Surya Comedy Channel which is the first 24 hours Malayalam comedy channel to its bouquet of Malayalam channels namely Surya TV, Surya Movies, Surya Music and Kochu TV. The new channel will be on air from 29 April 2017. The announcement was made after market hours yesterday, 27 April 2017.

Ambuja Cements announces Q1 results today, 28 April 2017. IDFC also unveils Q4 results today.

Reliance Capitals consolidated net profit rose 0.48% to Rs 417 crore on 79.84% rise in total revenue to Rs 5086 crore in Q4 March 2017 over Q4 March 2016. The result was announced after market hours yesterday, 27 April 2017.

Indiabulls Real Estates consolidated net profit fell 3.73% to Rs 60.18 crore on 25.84% fall in total income to Rs 545.15 crore in Q4 March 2017 over Q4 March 2016. The result was announced after market hours yesterday, 27 April 2017.

Chembond Chemicals said that pursuant to the approval of the board of directors at a meeting held on 27 April, 2017, the company has entered into an agreement to acquire the equity shares of Chembond Solenis Water Technologies (CSWTL), a subsidiary company from Solenis Netherlands B.V.

After the acquisition, the subsidiary company shall become a wholly owned subsidiary of the company. The announcement was made after market hours yesterday, 27 April 2017.

HCL Infosystems announced that the board of directors of the company at a meeting held on 27 April 2017 has approved the slump sale of an undertaking-Digischool Business undertaking consisting of business of sale of software licenses to K-12 schools of HCL Learning, a wholly owned subsidiary, on a going concern basis to Everest Edusys and Solutions. The announcement was made after market hours yesterday, 27 April 2017.

Jubilant Life Sciences announced that the company has issued commercial paper of Rs 75 crore on 27 April 2017. The announcement was made after market hours yesterday, 27 April 2017.

Indraprastha Gas board at a meeting held on 27 April 2017 approved increase in foreign institutional investors (FIIs)/foreign portfolio investors (FPIs) shareholding limits in the company from 24% of paid up equity share capital to 30% of the paid up share capital of the company, subject to approval of shareholders and other regulatory approval as may be required. The announcement was made after market hours yesterday, 27 April 2017.

Capital First announced that as a part of the strategic investment, the company has entered into an investment agreement on 26 April 2017 with Sienna Systems Resources (Sienna) and the promoter of Sienna to acquire equity shares comprising approximately 8% of the share capital of Sienna and equity share warrants comprising approximately 2% of the share capital of Sienna. The announcement was made after market hours yesterday, 27 April 2017.

Prism Cement has received letter of intent from Madhya Pradesh Government for allotment of cement grade limestone Mining lease for 50 years in villages Chulhi and Majhiyar, District Satna, Madhya Pradesh, with about 23.6 million tons of reserves, subject to completion of formalities,. The application for this mining lease was made under the earlier regulations and was under processing by the state Government. The mining lease would be captive to the cement plants of the Company at Satna, Madhya Pradesh. The announcement was made after market hours yesterday, 27 April 2017.

Powered by Capital Market - Live News

Outcome of board meeting of HCL Infosystems
Apr 27,2017

HCL Infosystems announced that the Board of Directors of the Company at its meeting held on 27 April 2017 has approved the slump sale of an undertaking (Digischool Business undertaking consisting of business of sale of software licenses to K-12 schools) of HCL Learning, a wholly owned subsidiary, on a going concern basis to Everest Edusys and Solutions.

Powered by Capital Market - Live News

Board of Jiya Eco-Products approves increase in authorised share capital
Apr 27,2017

Jiya Eco-Products announced that the Board of Directors of the Company at its meeting held on 27 April 2017 approved the following -

Increase in Authorised Share Capital from Rs 12 crore to Rs 15 crore dividend into 150,00,000 equity shares of Rs 10 each.

Raise equity shares capital through further public issue, rights issue, preferential issue or any other means not exceeding Rs 25 crore in aggregate including share premium.

To hold EGM on 25 May 2017.

Powered by Capital Market - Live News

Jubilant Life Sciences issues commercial paper aggregating Rs 75 crore
Apr 27,2017

Jubilant Life Sciences announced that the Company has issued commercial paper of Rs 75 crore on 27 April 2017.

Powered by Capital Market - Live News

Board of Indraprastha Gas approves increase in FIIs/ FPIs shareholding limits
Apr 27,2017

Indraprastha Gas at its board meeting held on 27 April 2017 has approved increase in foreign institutional investors (FIIs) / foreign portfolio investors (FPIs) shareholding limits in the Company from 24% of paid up equity share capital to 30% of the paid up share capital of the Company, subject to approval of shareholders and other regulatory approval as may be required.

Powered by Capital Market - Live News

Capital First makes strategic investment in Sienna Systems Resources
Apr 27,2017

Capital First announced that as a part of the Strategic Investment, the Company has entered into an Investment Agreement on 26 April 2017 with Sienna Systems Resources (Sienna) and the Promoter of Sienna to acquire Equity Shares comprising approximately 8% of the Share Capital of Sienna and Equity Share Warrants comprising approximately 2% of the Share Capital of the Sienna.

Powered by Capital Market - Live News

DCB Bank announces closure of QIP issue
Apr 27,2017

DCB Bank announced that the Capital Raising Committee of the Bank (the Committee) at its meeting held on 27 April 2017, has, inter alia, passed the following resolutions: a. Approved the closure of the QIP on 27 April 2017; b. Approved the issue price of Rs 174 per Equity Share (including premium of Rs 164 per Equity Share) for the issuance and allocation of 21,770,000 Equity Shares to be allotted to eligible qualified institutional buyers pursuant to the QIP; and c. Approved and adopted the placement document dated 27 April 2017, in connection with the QIP.

Powered by Capital Market - Live News

Emmsons International appoints director
Apr 27,2017

Emmsons International announced the appointment of Subhash Chander as Independent Director in the board meeting held on 27 April 2017.

Powered by Capital Market - Live News

Prism Cement receives LoI for mining lease from Madhya Pradesh Government
Apr 27,2017

Prism Cement has received Letter of Intent from Madhya Pradesh Government for allotment of cement grade limestone Mining Lease for 50 years in Villages Chulhi and Majhiyar, District Satna, Madhya Pradesh, with about 23.6 million tons of reserves, subject to completion of formalities,. The application for this Mining Lease was made under the earlier regulations and was under processing by the State Government. The Mining Lease would be captive to the cement plants of the Company at Satna, Madhya Pradesh.

Powered by Capital Market - Live News

Board of Jindal Stainless approves issue of NCDs up to Rs 600 crore
Apr 27,2017

Jindal Stainless announced that the Board of Directors of the Company at its meeting held on 27 April 2017 approved the proposal for issuance of non-convertible debentures by the Company for an aggregate amount of up to Rs 600 crore in one or more tranches on private placement basis subject to approval of shareholders.

Powered by Capital Market - Live News

Prashant India announces resignation of director
Apr 27,2017

Prashant India announced that Poonam N Khandelwal, director of the company resigned from the Board with effect from 26 April 2017.

Powered by Capital Market - Live News

Board of Kokuyo Camlin does not recommend dividend
Apr 27,2017

The Board of Directors of Kokuyo Camlin at its meeting held on 27 April 2017 has not recommended dividend on equity shares.

Powered by Capital Market - Live News

Board of Aries Agro appoints MD
Apr 27,2017

The Board of Directors of Aries Agro at its meeting held on 27 April 2017 approved the appointment of Dr. Rahul Mirchandani as Managing Director of the Company i.e. Aries Agro with effect from 4 April 2017.

Powered by Capital Market - Live News

Cosmo Films launches low noise tape film
Apr 27,2017

Cosmo Films announced the launch of a low noise tape film, used in making of low noise tapes. The BOPP based low noise tape film with a proprietary release surface treatment enables easy releaseand generates low noise on unwinding.

This feature becomes extremely significant in industrial settings where multiple packing lines work in tandem and auto dispensing machinesare installed and packing.

Powered by Capital Market - Live News