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

Nitesh Estates schedules board meeting
Aug 23,2017

Nitesh Estates will hold a meeting of the Board of Directors of the Company on 14 September 2017, to consider and approve the unaudited financial statements for the quarter ended 30th June, 2017.

Powered by Capital Market - Live News

Force Motors to convene AGM
Aug 23,2017

Force Motors announced that the 58th Annual General Meeting (AGM) of the company will be held on 13 September 2017.

Powered by Capital Market - Live News

Supreme Tex Mart to hold board meeting
Aug 23,2017

Supreme Tex Mart will hold a meeting of the Board of Directors of the Company on 24 August 2017 Others

Powered by Capital Market - Live News

Joy Realty AGM scheduled
Aug 23,2017

Joy Realty announced that the 34th Annual General Meeting (AGM) of the company will be held on 15 September 2017.

Powered by Capital Market - Live News

Mishka Exim to announce Quarterly Result
Aug 23,2017

Mishka Exim will hold a meeting of the Board of Directors of the Company on 23 August 2017.

Powered by Capital Market - Live News

Signet Industries to fix AGM date
Aug 23,2017

Signet Industries will hold a meeting of the Board of Directors of the Company on 26 August 2017.

Powered by Capital Market - Live News

EdgeVerve Systems Positioned As a Leader in Magic Quadrant for Global Retail Core Banking
Aug 23,2017

Infosys Finacle, part of EdgeVerve Systems, a product subsidiary of Infosys announced that it has been positioned as a Leader in Gartners Magic Quadrant for Global Retail Core Banking following the evaluation of its Finacle Core Banking solution. This is the 10th consecutive time that EdgeVerve Systems (Infosys Finacle) has been positioned as a Leader in this Magic Quadrant.

Powered by Capital Market - Live News

M.D. Inducto Cast schedules board meeting
Aug 23,2017

M.D. Inducto Cast will hold a meeting of the Board of Directors of the Company on 25 August 2017.

Powered by Capital Market - Live News

Majestic Research Serv. & Solutions to fix AGM date
Aug 23,2017

Majestic Research Serv. & Solutions will hold a meeting of the Board of Directors of the Company on 29 August 2017, to consider and approve the Draft Notice for 5th Annual General Meeting of the Company for circulation to the members of Company.

Powered by Capital Market - Live News

Approval of MoU between India & Nepal for laying down implementation arrangement for construction of new Bridge over Mechi River at Indo-Nepal border
Aug 23,2017

The Union Cabinet chaired by Prime Minister Shri Narendra Modi approved a Memorandum of Understanding (MoU) to be signed between India and Nepal for laying down implementation arrangement on Cost sharing, Schedules and Safeguard issues for starting construction of a new Bridge over Mechi River at Indo-Nepal border.

The estimated cost of construction of the bridge is Rs. 158.65 crore, which would be funded by Government of India through ADB loan. The new bridge is part of up-gradation of the Kakarvitta (Nepal) to Panitanki Bypass (India) on NH 327B covering a length of 1500 meters including a 6 lane approach road of 825 meters. Mechi Bridge is the ending point of Asian Highway 02 in India leading to Nepal and provides critical connectivity to Nepal.

The construction of the bridge will improve regional connectivity and has potential to strengthen cross border trade between both the countries and cementing ties by strengthening industrial, social and cultural exchanges.

National Highway and Infrastructure Development Corporation (NHIDCL) under Ministry of Road Transport & Highways has been designated as the implementing agency for this project. DPR for this project has been prepared and alignment of bridge has been finalized in consultation with Government of Nepal.

Powered by Capital Market - Live News

Aurangabad Paper Mills reports standalone net loss of Rs 0.17 crore in the June 2017 quarter
Aug 23,2017

Net Loss of Aurangabad Paper Mills reported to Rs 0.17 crore in the quarter ended June 2017 as against net loss of Rs 0.16 crore during the previous quarter ended June 2016. There were no Sales reported in the quarter ended June 2017 and during the previous quarter ended June 2016.

Powered by Capital Market - Live News

Pankaj Polymers reports standalone net loss of Rs 0.31 crore in the June 2017 quarter
Aug 23,2017

Net Loss of Pankaj Polymers reported to Rs 0.31 crore in the quarter ended June 2017 as against net loss of Rs 0.09 crore during the previous quarter ended June 2016. Sales declined 31.10% to Rs 1.13 crore in the quarter ended June 2017 as against Rs 1.64 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales1.131.64 -31 OPM %-12.396.10 - PBDT-0.200.01 PL PBT-0.30-0.09 -233 NP-0.31-0.09 -244

Powered by Capital Market - Live News

CARE Ratings standalone net profit rises 16.44% in the June 2017 quarter
Aug 23,2017

Net profit of CARE Ratings rose 16.44% to Rs 35.49 crore in the quarter ended June 2017 as against Rs 30.48 crore during the previous quarter ended June 2016. Sales rose 7.40% to Rs 61.38 crore in the quarter ended June 2017 as against Rs 57.15 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales61.3857.15 7 OPM %63.8661.96 - PBDT45.7045.33 1 PBT44.9044.48 1 NP35.4930.48 16

Powered by Capital Market - Live News

Mukand Engineers reports standalone net loss of Rs 3.21 crore in the June 2017 quarter
Aug 23,2017

Net loss of Mukand Engineers reported to Rs 3.21 crore in the quarter ended June 2017 as against net profit of Rs 0.18 crore during the previous quarter ended June 2016. Sales declined 28.05% to Rs 17.16 crore in the quarter ended June 2017 as against Rs 23.85 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales17.1623.85 -28 OPM %-6.240 - PBDT-2.930.44 PL PBT-3.210.18 PL NP-3.210.18 PL

Powered by Capital Market - Live News

Envair Electrodyne reports standalone net loss of Rs 0.10 crore in the June 2017 quarter
Aug 23,2017

Net Loss of Envair Electrodyne reported to Rs 0.10 crore in the quarter ended June 2017 as against net loss of Rs 0.07 crore during the previous quarter ended June 2016. Sales rose 1.25% to Rs 0.81 crore in the quarter ended June 2017 as against Rs 0.80 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales0.810.80 1 OPM %-7.41-3.75 - PBDT-0.07-0.04 -75 PBT-0.10-0.07 -43 NP-0.10-0.07 -43

Powered by Capital Market - Live News