My Application Form Status

Check the status of your application form with 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

Sasken Comm in focus after fixing record date for buyback
Dec 27,2016

Sasken Communication Technologies announced that it has fixed 6 January 2017 as record date for the proposed buyback of shares. The announcement was made after market hours yesterday, 26 December 2016. The company on Saturday, 24 December 2016 announced to the stock exchanges that the buyback committee of the board of directors, at its meeting held on 23 December 2016, fixed the buyback price of Rs 410 per share and the total consideration for buyback at Rs 120.04 crore excluding the transaction costs. This represents 16.52% of the total issued and paid-up equity share capital of the company as on 31 March 2016.

Capital First announced that the meeting of the debenture committee of the board of directors of the company will be held on 29 December 2016, to consider the private placement of rated, listed, secured/unsecured/perpetual, redeemable, non‐convertible securities in the nature of debentures. The debentures shall be listed on the debt market segment of National Stock Exchange of India (NSE). The announcement was made after market hours yesterday, 26 December 2016.

Shilpa Medicare announced that the board of directors, at its meeting held yesterday, 26 December 2016, allotted 30.25 lakh equity shares at Rs 570 per share in the name of TA FII Investors, Mauritius pursuant to the resolution passed by the shareholders at their extra-ordinary general meeting held on 26 December 2016 and in-principal approvals received from BSE and NSE. The announcement was made after market hours yesterday, 26 December 2016.

Apollo Hospitals Enterprise announced that the company has issued a letter of comfort for an aggregate sum of Rs 37.10 crore to ICICI Bank in connection with the sanction of credit facilities in favour of its step-down subsidiary, Alliance Dental Care Limited, Chennai. The announcement was made after market hours yesterday, 26 December 2016.

Kaya announced that the company is in receipt of letter dated 25 December 2016 issued by Kaya Middle East DMCC (Kaya DMCC) confirming the settlement of consideration amount for acquiring 75% beneficial interest in Minal Medical Centre, Dubai and Minal Specialized Clinic Dermatology, Sharjah. Hence, the corporate guarantee provided by the company stands cancelled on payment of the consideration amount by Kaya DMCC

On 27 September 2016, the company had announced the corporate guarantee provided by it on behalf of Kaya DMCC, wholly owned subsidiary of the company, for payment of AED 22.5 million by Kaya DMCC for acquiring 75% beneficial interest in Minal Medical Centre, Dubai and Minal Specialized Clinic Dermatology, Sharjah.

Powered by Capital Market - Live News

Agenda for board meeting of RCI Industries & Technologies
Dec 26,2016

RCI Industries & Technologies announced that the meeting of Board of Directors is scheduled to be held on 30 December 2016, inter-alia, to transact the following businesses:

1. To consider and approve the issue of equity shares on preferential basis.

2. To fix day, date, time and venue of Extra Ordinary General Meeting (EGM).

3. To fix cutoff date and relevant date for the purpose of EGM and e-voting.

4. To appoint Scrutinizer for conducting e-Voting

5. To consider any other matter relating to EGM of the Company.

Powered by Capital Market - Live News

Board of Hazoor Multi Projects review company performance
Dec 26,2016

Hazoor Multi Projects announced that the Board of Directors of the Company at its meeting held on 26 December 2016, inter alia, have discussed the following;

- Management Discussion and Analysis about financial operation of the Company and also reviewed companies performance.

Powered by Capital Market - Live News

Outcome of board meeting of Shilpa Medicare
Dec 26,2016

Shilpa Medicare announced that the Board of Directors, at their meeting held on 26 December 2016, allotted 30,25,000, (Thirty Lakh Twenty Five Thousand) equity share of Re. 1/- each at a premium of Rs.569/- per share in the name of TA FII Investors, IFS Court, Bank Street, Twenty Eight, Cybercity Ebene 72201, Mauritius pursuant to the resolution passed by the shareholders at their Extra-Ordinary General Meeting held on 26 December, 2016 and in-principal approvals received from BSE (Dt:8 December 2016) National Stock Exchange of India (Dt.23 December 2016).

The Company has further intimate that Naresh Patwari has been co-opted as an Additional (non-executive and non-independent) Director of the Company, being the nominee of TA FII Investors Limited with effect from this date, subject to regularization by shareholders at the ensuing annual general meeting of the Company in accordance with the requirements of the Companies Act, 2013.

Powered by Capital Market - Live News

Board of Polymac Thermoformers approves change in directorate
Dec 26,2016

Polymac Thermoformers announced the following change in directorate -

1. Puspjeet Kumar, Promoter and Director of the Company wishes to resign from the Company with effect from 26 December 2016.

2. A meeting of Board of Directors has been called on 26 December 2016 to give effect to the resignation of Puspjeet Kumar and to appoint Pramod Kumar Agarwal as Non Executive Director.

Powered by Capital Market - Live News

Board of Olympia Industries to consider conversion of warrants
Dec 26,2016

Olympia Industries announced that a meeting of the Board of Directors of the Company will be held on 29 December 2016, inter alia, to consider the Allotment of Equity shares pursuant to conversion of warrants as per SEBI (Issue of Capital and Disclosure Requirement) Regulation, 2009 and relevant provisions of Companies Act, 2013.

Powered by Capital Market - Live News

Vinayak Vanijya to consider change in directorate
Dec 26,2016

Vinayak Vanijya announced that a meeting of the Board of Directors of the Company will be held on 29 December 2016, inter alia, to consider and approve Appointment and Resignation of Directors.

Powered by Capital Market - Live News

Board of Can Fin Homes to consider Q3 results
Dec 26,2016

Can Fin Homes announced that a meeting of the Board of Directors of the Company is scheduled to be held on 17 January 2017, inter-alia, to consider and approve the un-audited financial results of the Company for the 3rd Quarter ended 31 December 2016 (FY 2016-17), together with the Limited Review Report for the above said period

Powered by Capital Market - Live News

Board of Jindal Poly Films approves increasing borrowing limit up to Rs 5000 cr
Dec 26,2016

Jindal Poly Films announced that the Board of Directors of the company at its meeting held on 26 December 2016 approved the following -

Increase in borrowing limits of the company from Rs 4000 crore to Rs 5000 crore.

Creation of charge on assets of the company within increased borrowing limits upto Rs 5000 crore.

Approval for issue of further shares by Companys 51% subsidiary - JPF Netherlands to other investors.

Issue of non-convertible debentures by the Company upto Rs 500 crore.

Powered by Capital Market - Live News

SPL Industries announces change in company secretary
Dec 26,2016

SPL Industries announced Kirti has resigned as Company Secretary of the Company w.e.f. 26 December 2016 and Ashish Yadav has been appointed as Company Secretary and Compliance Officer of the Company w.e.f. 26 December 2016, pursuant to section 203 of the Companies Act, 2013 and regulation 6(1) of the Securities and Exchange Board of India (Listing Obligation and Disclosure Requirements) Regulations, 2015.

Powered by Capital Market - Live News

National General Industries announces change in company secretary
Dec 26,2016

National General Industries announced that Vandana Gupta has been appointed as Company Secretary of the Company w.e.f. 01 December 2016 after resignation of Ashok Kumar Mehandiratta w.e.f. 30 November 2016.

Further, also note that Vandana Gupta shall be acting as Compliance Officer of the Company in place of Ashok Kumar Mehandiratta.

Powered by Capital Market - Live News

Capital First to consider private placement of NCDs
Dec 26,2016

Capital First announced that the meeting of the Debenture Committee of the Board of Directors of the Company will be held on 29 December 2016 inter-alia to consider and approve the Private Placement of Rated, Listed, Secured/ Unsecured/ Perpetual, Redeemable, Non-Convertible securities in the nature of Debentures to be listed on the Debt Market segment of National Stock Exchange of India.

Powered by Capital Market - Live News

Idea Cellular appoints director
Dec 26,2016

Idea Cellular announced that the Directors of the Company have appointed Alka Bharucha as an Additional Director, qualifying as an Independent Director on the Board of the Company for a period of 5 years with effect from 26 December 2016.

Powered by Capital Market - Live News

Prime Capital Market appoints compliance officer
Dec 26,2016

Prime Capital Market announced Nikita Sureka has been appointed as Compliance Officer of the Company w.e.f. 03 December 2016.

Powered by Capital Market - Live News

Prakash Steelage announces change in company secretary
Dec 26,2016

Prakash Steelage announced Palak Kohli Kochhar, Company Secretary & Compliance Officer of the Company has tendered her resignation with effect from 24 December 2016 till the closing of business hours.

Further, the Company has appointed Dhaval Nareshbhai Darji as the Company Secretary and Compliance Officer of the Company w.e.f. 26 December 2016 on the terms and conditions as mentioned in the appointment letter.

Powered by Capital Market - Live News