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

Kapashi Commercial standalone net profit rises 27.27% in the December 2016 quarter
Feb 08,2017

Net profit of Kapashi Commercial rose 27.27% to Rs 0.14 crore in the quarter ended December 2016 as against Rs 0.11 crore during the previous quarter ended December 2015. Sales rose 11.76% to Rs 0.19 crore in the quarter ended December 2016 as against Rs 0.17 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales0.190.17 12 OPM %84.2188.24 - PBDT0.160.15 7 PBT0.160.15 7 NP0.140.11 27

Powered by Capital Market - Live News

Board of Foseco India recommends final dividend for FY 2016
Feb 08,2017

Foseco India announced that the Board of Directors of the Company at its meeting held on 08 February 2017, inter alia, has recommended payment of a final dividend of Rs. 7/- per equity share (70%) on a paid-up equity share of Rs. 10/- each, for the financial year ended 31 December 2016. The final dividend is subject to approval of the Shareholders at the forthcoming Annual General Meeting of the Company.

Powered by Capital Market - Live News

Board of HealthCare Global Enterprises allots equity shares under ESOP
Feb 08,2017

The Board of Directors of HealthCare Global Enterprises at its meeting held on 08 February 2017 has decided to issue and allot 6.37 lakh equity shares of the Company under ESOS 2014 of the Company.

Powered by Capital Market - Live News

Sharp India appoints CFO
Feb 08,2017

Sharp India announced that Sunil K. Sane has been appointed as the Chief Financial Officer of the Company with effect from 08 February 2017.

Powered by Capital Market - Live News

Sanmit Infra announces change in CIN
Feb 08,2017

Sanmit Infra announced that Registrar of Companies pursuant to the members approval as per section 13 of the Companies Act, 2013 approved the change of Registered Office of the Company from the state of Tamil-Nadu to the state of Maharashtra for which into CIN of the company has been changed from L70109TN2000PLC044664 to L70109MH2000PLC288648.

Powered by Capital Market - Live News

Outcome of board meeting of NRB Bearings
Feb 08,2017

NRB Bearings announced that the Board of Directors of the Company at its meeting held on 08 February 2017, inter alia, has transacted the following:

1. Subject to consent of the Members of the Company, Board approved a further issue of Unsecured, Listed, Redeemable, Non Convertible Debentures not exceeding Rs. 100 crores on private placement basis;

2. The Board decided to consider inter-alia interim dividend for F.Y. 2016-17 and has scheduled its meeting on Monday, 13 February 2017 at 11.00 a.m..

Powered by Capital Market - Live News

Board of Viaan Industries decides to acquire YO-YO Frozen Yogurt
Feb 08,2017

The Board of Directors of Viaan Industries at its meeting held on 08 February 2017 has decided to acquire the running business of YO-YO Frozen Yogurt for the cash consideration of Rs 14 lakhs.

Powered by Capital Market - Live News

Board of SKF India to consider buyback of shares along with Q3 results
Feb 08,2017

SKF India announced that at the meeting of the Board of Directors scheduled to be held on 13 February 2017, the Board will also consider a proposal for Buy-back of equity shares of the Company along with Unaudited Financial Results for the third quarter and nine months ended 31 December 2016.

Powered by Capital Market - Live News

RattanIndia Infrastructure announces change in CFO
Feb 08,2017

RattanIndia Infrastructure announced that Arun Chopra has been appointed as the Chief Financial Officer of the Company with effect from 08 February 2017 in place of Samir Taneja who has resigned as the Chief Financial Officer of the Company from the said date.

Powered by Capital Market - Live News

Manappuram Finance to pay interim dividend
Feb 08,2017

Manappuram Finance announced that interim dividend will be paid on or before 09 March 2017.

Powered by Capital Market - Live News

Board of Manappuram Finance declares interim dividend
Feb 08,2017

Manappuram Finance announced that the Board of Directors of the Company at its meeting held on 08 February 2017, inter alia, has declared an interim dividend of 50 paise (Fifty Paise) per equity share of Rs. 2 each.

Further Dividend Warrants / At Par Cheques will be dispatched on or before 09 March 2017.

Powered by Capital Market - Live News

Manappuram Finance fixes record date for interim dividend
Feb 08,2017

Manappuram Finance has fixed 18 February 2017 as the Record Date for the purpose of Payment of Interim Dividend.

Powered by Capital Market - Live News

Board of Cipla deliberates further on proposal for fund raising
Feb 08,2017

Cipla announced that the Board of Directors at their meeting held on 08 February 2017 has further deliberated on the proposal relating to fund raising and has decided to seek approval of the shareholders in future at an appropriate time depending upon the funding requirements and investment opportunities.

Powered by Capital Market - Live News

Board of 8K Miles Software Services appoints director
Feb 08,2017

8K Miles Software Services announced that the meeting of the Board of Directors of the Company was held on 08 February 2017. The Board approved the appointment of Sujatha Chandrasekaran as an Additional Director of the Company under Non-Executive category to hold office up to the date of ensuing Annual General Meeting (AGM) pursuant to Section 152 & 161 of the Companies Act, 2013.

Powered by Capital Market - Live News

Board of Rockon Enterprises appoints company secretary and compliance officer
Feb 08,2017

Rockon Enterprises announced that the Board of Directors of the company at its meeting held on 08 February 2017 has appointed Kajol Tak as Company Secretary and Compliance Officer with effect from 08 February 2017.

Powered by Capital Market - Live News