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

Transformers & Rectifiers India secures order worth Rs 92 cr
Dec 30,2016

Transformers & Rectifiers India announced that the Company has been awarded the order for 40 No. of 15MVA and 40 No. of 20MVA Power Transformers with Natural/synthetic Ester Oil of 66 kV Class amounting to Rs. 92 crore from Gujarat Energy Transmission Corporation (GETCO). The said order falls under the normal course of business. The Company neither has any interest in the entity that awarded the order nor fall within related party transactions. With this order, the Companys Order book as on date stands around Rs. 960 crore.

The Company continuously thrives to deliver quality products and services and over a period of time has become a leading manufacturer of transformers in the Country.

Powered by Capital Market - Live News

Board of Chromatic India approves change in directorate
Dec 30,2016

Chromatic India announced that inter alia, the following decisions were taken at the Meeting of the Board of Directors of the Company held on 30 December 2016:

1. Appointment of Mayank Kotadia as Additional (Independent Non Executive) Director w.e.f. 30 December 2016.

2. Accepted resignation of Chirag Shah as Independent Director w.e.f. 21 December 2016.

Powered by Capital Market - Live News

Gaurav Mercantiles CFO resigns
Dec 30,2016

Gaurav Mercantiles announced that Ruchi Sharma, Chief Financial Officer of the Company has resigned from the services of the Company w.e.f. 28 December 2016.

Powered by Capital Market - Live News

Spaceage Products appoints compliance officer
Dec 30,2016

Spaceage Products announced that the Company has been appointed Shivani Singh Yadav as a Compliance Officer of the Company with effect from 30 December 2016.

Powered by Capital Market - Live News

Board of Bafna Pharmaceuticals to consider preferential issue of warrants
Dec 30,2016

Bafna Pharmaceuticals announced that the meeting of the Board of Directors of the Company is scheduled to be held on 04 January 2017, to transact following business:

1. Withdrawal of entire preferential issue of 40,00,000 share warrants and in-principle application filed with the Stock Exchanges due to the following reasons:

i) the proposed allottees in the promoter group and one of the investors were ineligible due to sale/purchase/transfer within the group during the 6 months preceding the relevant date;

ii) due to inordinate delay in the process, few of the proposed allottees expressed their unwillingness to subscribe for the issue

2. To propose and consider fresh issue of 80,00,000 share warrants to promoter and non-promoter group subject to necessary approvals.

Powered by Capital Market - Live News

Lycos Internet appoints director
Dec 30,2016

Lycos Internet announced that the Board of Directors of the Company at its meeting held on 27 December 2016 has appointed Raghunath Allamsetty as Additional Director (Non-Executive - Independent) of the Company w.e.f. 27 December 2016.

Powered by Capital Market - Live News

Board of Mount Shivalik Industries approves shifting of registered office
Dec 30,2016

Mount Shivalik Industries announced that the Board of Directors in its Meeting held on 30 December 2016, has decided to shifting the head office of the Company from C153/2, Okhla Phase 1, New Delhi - 110020 to DPT-512, DLF Prime Tower, Okhla Phase 1, New Delhi- 110020 w.e.f. 16 January 2017.

Powered by Capital Market - Live News

Riga Sugar Company allots equity shares
Dec 30,2016

Riga Sugar Company Ltd has informed BSE that the Committee for Issue of Shares/Warrants in its meeting held on December 30, 2016 has allotted.

- 5,50,000 Equity Shares to the Promoter Group by converting 5,50,000 Convertible Equity Share Warrants.

Powered by Capital Market - Live News

Ministry of Agriculture & Farmers Welfare decides to extend cut-off date for crop insurance during Rabi 2016-17 under PMFBY up to 10 January 2017
Dec 30,2016

The Ministry of Agriculture & Farmers Welfare keeping in view the difficulties faced by the farmers in obtaining crop insurance during Rabi 2016-17 under Pradhan Mantri Fasal Bima Yojana (PMFBY) due to demonetization of old currency notes, the Ministry of Agriculture & Farmers Welfare to protect the interest of farmers, has decided to extend the cut-off date up to 10th January, 2017 for enrolment of non loanee farmers/debit of premium from eligible crop loan account/Kisan Credit Card of loanee farmers under PMFBY. Now the farmers who could not insure their crops due to demonetization can get their crops insured till 10th January, 2017.

Powered by Capital Market - Live News

Raghuvir Synthetics to hold EGM
Dec 30,2016

Raghuvir Synthetics announced that the Extra Ordinary General Meeting (EGM) of the Company will be held on 01 February 2017.

Powered by Capital Market - Live News

Majesco allots equity shares
Dec 30,2016

Majesco announced that at a meeting of Investor Grievances and Stakeholder Relationship Committee on 30 December 2016, 21,371 Equity Shares of Rs. 5/- each (Face Value) were allotted to employees who exercised their vested options under the Companys Employee Stock Option Schemes. The said shares will rank pari- passu with the existing shares of the Company in all respects.

Resultantly, the paid up share capital of the Company stands increased to 2,33,34,748 Equity Shares amounting in aggregate to Rs. 11,66,73,740/-.

Powered by Capital Market - Live News

Rupee closes higher
Dec 30,2016

Rupee closed higher at 67.8998/9330 per dollar on Friday (30 December 2016) the last trading session of the year, versus its previous close of 68.0728/0880 per dollar.

Powered by Capital Market - Live News

Board of Banas Finance approves change in directorate
Dec 30,2016

Banas Finance announced that the Board of Directors of the Company at its meeting held on 30 December 2016 has approved the following -

Appointed Suresh Kharat as CFO and Director of the Company.

Appointed Manish Raul as a Additional Director (Non Executive Independent Director) of the Company.

Appointed Aarti Gavnang as a Additional Director (Non Executive Independent Director) of the Company.

Accepted resignation of Ashwin Shah, Director of the Company.

Powered by Capital Market - Live News

Board of Jai Mata Glass approves shifting of registered office
Dec 30,2016

Jai Mata Glass announced that the Board in its Meeting held on 30 December 2016, has taken following important decision and passed a resolution for shifting of registered office from one state to another, subject to Compliances of all requirements.

Powered by Capital Market - Live News

Vaghani Techno-Build announces change in directorate
Dec 30,2016

Vaghani Techno-Build announced that in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (hereinafter referred to as the listing Regulations, 2015), Section 168 of the Companies Act, 2013 and other applicable provisions, if any, the Company inform that Ranjit Shetty has been appointed as Additional Director of the company and Bhavesh Parekh has resigned from the post of Directorship of the Company w.e.f. 30 December 2016 and is hereby accepted with immediate effect.

Powered by Capital Market - Live News