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

Sankhya Infotech to hold board meeting
Aug 07,2017

Sankhya Infotech will hold a meeting of the Board of Directors of the Company on 12 August 2017, to approve the unaudited standalone financial results and Limited Review Report of the company for the quarter ended 30th June, 2017.

Powered by Capital Market - Live News

Panther Industrial Products to convene board meeting
Aug 07,2017

Panther Industrial Products will hold a meeting of the Board of Directors of the Company on 11 August 2017.

Powered by Capital Market - Live News

Chromatic India to announce Quarterly Result
Aug 07,2017

Chromatic India will hold a meeting of the Board of Directors of the Company on 14 August 2017, to approve the Unaudited Financial Result for the first quarter ended June 30, 2017

Powered by Capital Market - Live News

Conart Engineers announces board meeting date
Aug 07,2017

Conart Engineers will hold a meeting of the Board of Directors of the Company on 12 August 2017.

Powered by Capital Market - Live News

Rishiroop to conduct board meeting
Aug 07,2017

Rishiroop will hold a meeting of the Board of Directors of the Company on 14 August 2017.

Powered by Capital Market - Live News

Super Tannery to convene board meeting
Aug 07,2017

Super Tannery will hold a meeting of the Board of Directors of the Company on 14 August 2017, to Consider,Approve The Notice Of AGM,Directors Report And Other Related Matters.

Powered by Capital Market - Live News

Avon Mercantile announces board meeting date
Aug 07,2017

Avon Mercantile will hold a meeting of the Board of Directors of the Company on 14 August 2017, to consider and take on record the Unaudited financial results for the quarter ended on 30th June 2017.

Powered by Capital Market - Live News

Choksi Laboratories to table results
Aug 07,2017

Choksi Laboratories will hold a meeting of the Board of Directors of the Company on 14 August 2017, to consider inter-alia unaudited financial results of the Company for the quarter ended on 30th June, 2017.

Powered by Capital Market - Live News

PALCO to discuss results
Aug 07,2017

PALCO will hold a meeting of the Board of Directors of the Company on 12 August 2017, to consider and approve the Un-Audited Financial Results for the Quarter ended on 30th June, 2017.

Powered by Capital Market - Live News

Ardi Investments & Trading Company announces board meeting date
Aug 07,2017

Ardi Investments & Trading Company will hold a meeting of the Board of Directors of the Company on 14 August 2017, to consider and approve, inter alia, the unaudited Financial Results of the Company for the quarter ended 30th June, 2017.

Powered by Capital Market - Live News

Dynamatic Technologies bags contract for supply of Front Fuselage Assembly
Aug 07,2017

Dynamatic Technologies has been chosen as the supplier for the Front Fuselage assembly from HAL - LCA Division.

This LIGHT COMBAT AIRCRAFT (LCA) project is a long term contract which includes manufacturing of detail parts & Assemblies along with the jigs & fixture requirements.

Dynamatic is already a single source for the Sukhoi program on the major control surfaces. With the HAL-LCA program, Dynamatic will be providing expertise on the Fuselage as well.

Powered by Capital Market - Live News

Raideep Industries to conduct board meeting
Aug 07,2017

Raideep Industries will hold a meeting of the Board of Directors of the Company on 12 August 2017, to approve the unaudited financial results of the Company for the quarter ended June 30, 2017

Powered by Capital Market - Live News

Suryaamba Spinning Mills to conduct AGM
Aug 07,2017

Suryaamba Spinning Mills announced that the Annual General Meeting (AGM) of the company will be held on 2 September 2017.

Powered by Capital Market - Live News

Crane Infrastructure to announce Quarterly Result
Aug 07,2017

Crane Infrastructure will hold a meeting of the Board of Directors of the Company on 12 August 2017, to consider & Approve the Un Audited Financial results For the Quarter Ended On 30-06-2017

Powered by Capital Market - Live News

Strides Shasun schedules board meeting
Aug 07,2017

Strides Shasun will hold a meeting of the Board of Directors of the Company on 11 August 2017.

Powered by Capital Market - Live News