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

Megasofts XIUS selected by Toka
Feb 16,2017

XIUS, the telecom brand of Megasoft has been selected by Toka, a company specializing in electronic payment solutions to launch MobileVirtual Network Operator (MVNO) services in Mexico. Toka will operate its MVNO on Movistars (Telefonica) network.

Powered by Capital Market - Live News

Centum Electronics inaugurates state-of-the-art design and manufacturing facility
Feb 16,2017

Centum Electronics has inaugurated its state-of-the-art design and manufacturing facility in Bengaluru. This is Companys fourth manufacturing facility spread over six acres measuring 150000 sq. ft and is located at the aerospace park near Devanahalli. The investments towards the facility including upgradation of lines and technology is about Rs 200 crore, over two years.

Powered by Capital Market - Live News

Sagar Cements successfully concludes QIP issue
Feb 16,2017

Sagar Cements has successfully concluded its fund raising exercise through Qualified Institutional Placement (QIP). The Company raised Rs 173 crore by issue of 24 lakh shares of Rs 10 each at a price of Rs 720 per share. Post issue, the institutional holding is in excesss of 18.7% as against 7.3% pre-QIP.

The funds raised will be deployed to meet capital expenditure for increasing the capacity of its grinding unit at Bayyavaram from 1,81,500 MT to 15,00,000 MT per annum, setting up a 15 MW coal based captive power plant at its Mattampally unit and for general corporate purpose.

Powered by Capital Market - Live News

Kirloskar Industries director resigns
Feb 16,2017

Kirloskar Industries announced that Priyamvada A. Ranade has resigned from the Board of Directors of the Company as a Director due to other pre-occupations with effect from 15 February 2017.

Powered by Capital Market - Live News

R&B Denims resumes factory operations
Feb 16,2017

R&B Denims announced that there is a considerable change in market scenario and the effect of demonetization is over, Companys stock in hand are come down to optimum stock level.

Further there is an increase in demand of companys product both in domestic and foreign market, the company has started its normal functioning and foresee no further interruption will arise in manufacturing activities.

On 16 December 2016, the Company had temporarily shut down factory production due to market trend and effect of demonetization.

Powered by Capital Market - Live News

Bharat Wire Ropes appoints director
Feb 16,2017

Bharat Wire Ropes announced that the Board of Directors of the Company has appointed Shiv Kumar Malu as an Independent Director with effect from 15 February 2017.

Powered by Capital Market - Live News

Sarthak Global announces resignation of director
Feb 16,2017

Sarthak Global announced that Sitaram Rathi has resigned from the post of Director as well as Whole-time Director of the Company from the closing hours of 14 February 2017.

Powered by Capital Market - Live News

Mercator appoints director
Feb 16,2017

Mercator announced that Desh Raj Dogra has been appointed as (Additional) Independent and Non- Executive Director of the Company for a period of 5 years w.e.f 15 February 2017.

The Board of Directors of the Company approved the appointment of Dogra through Circular Resolution passed on 15 February 2017.

Powered by Capital Market - Live News

Aryaman Financial Services provides update on subsidiary - Escorp Asset Management
Feb 16,2017

Aryaman Financial Services announced that Escorp Asset Management , a subsidiary of the Company has filed the Draft Prospectus dated 14 February 2017 with the BSE, for listing its equity shares on SME Platform of BSE.

Powered by Capital Market - Live News

Future Enterprises allots NCDs aggregating Rs 265 crore
Feb 16,2017

Future Enterprises announced that the Committee of Directors of the Company at its meeting held on 16 February 2017 has allotted 1060, 9.60% secured redeemable non-convertible debentures (NCDs) of Rs 10 lakh each (series XVI-A) and 1590, 9.60% secured redeemable non-convertible debentures (NCDs) of Rs 10 lakh each (series XVI-B) aggregating to Rs 265 crore on private placement basis.

Powered by Capital Market - Live News

IP Rings allots 56,33,718 equity shares
Feb 16,2017

IP Rings announced that the Rights Issue Sub-Committee of the Company at their meeting held on 16 February 2017, has considered and approved, inter alia, the following:

- Allotment of 56,33,718 fully paid up Rights Equity Shares of face value of Rs. 10 each at a price of Rs. 88.75 per Rights Equity Shares including a premium of Rs. 78.75 per Rights Equity Shares, to the eligible equity shareholders of the Company and in pursuance of the basis of allotment approved by the BSE, the designated stock exchange.

Powered by Capital Market - Live News

Shilpa Medicare intimates of fire accident
Feb 16,2017

Shilpa Medicare announced that there was an incident of fire at the Companys EOU Unit (API) plant in one block of the Company, situated at Raichur, Karnataka. It is further intimated that it may not have impact on the operations of the said plant or financials.

Powered by Capital Market - Live News

Harita Seating Systems fixes record date for 2nd interim dividend
Feb 16,2017

Harita Seating Systems has fixed 11 March 2017 as the Record Date for the purpose of payment of Second Interim Dividend.

Powered by Capital Market - Live News

Sundaram Clayton revises record date for 2nd interim dividend
Feb 16,2017

Sundaram Clayton has fixed 21 March 2017 instead of 23 March 2017 as informed earlier, as the Revised Record Date for the purpose of payment of Second interim dividend.

Powered by Capital Market - Live News

Bharti Airtel provides update on subsidiary - Augere Wireless Broadband India
Feb 16,2017

Bharti Airtel announced that the merger of Augere Wireless Broadband India (Augere), a wholly owned subsidiary into Bharti Airtel (Airtel) has been completed.

Powered by Capital Market - Live News