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

Solis Marketing to announce Quarterly Result
Aug 02,2017

Solis Marketing will hold a meeting of the Board of Directors of the Company on 10 August 2017, to Consider and Approve Unaudited Financial Results for the Quarter ended 30.06.2017

Powered by Capital Market - Live News

Mangalya Soft-Tech to convene AGM
Aug 02,2017

Mangalya Soft-Tech announced that the Annual General Meeting (AGM) of the company will be held on 31 July 2017.

Powered by Capital Market - Live News

Servotech Engineering Industries to consider company name change
Aug 02,2017

Servotech Engineering Industries will hold a meeting of the Board of Directors of the Company on 11 August 2017.

Powered by Capital Market - Live News

Snowman Logistics to conduct board meeting
Aug 02,2017

Snowman Logistics will hold a meeting of the Board of Directors of the Company on 10 August 2017.

Powered by Capital Market - Live News

Apoorva Leasing Finance & Invtt. Co. to discuss results
Aug 02,2017

Apoorva Leasing Finance & Invtt. Co. will hold a meeting of the Board of Directors of the Company on 9 August 2017.

Powered by Capital Market - Live News

Pennar Industries to convene board meeting
Aug 02,2017

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

Powered by Capital Market - Live News

IND Renewable Energy declares Quarterly Result
Aug 02,2017

IND Renewable Energy will hold a meeting of the Board of Directors of the Company on 14 August 2017.

Powered by Capital Market - Live News

MM Forgings to hold board meeting
Aug 02,2017

MM Forgings 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 30 June 2017.

Powered by Capital Market - Live News

Kolte Patil Developers to hold board meeting
Aug 02,2017

Kolte Patil Developers will hold a meeting of the Board of Directors of the Company on 11 August 2017.

Powered by Capital Market - Live News

Hindustan Copper biggest loser on BSEs A group
Aug 02,2017

Hindustan Copper slipped 7.36% at Rs 65.45. The stock topped the losers in A group. On the BSE, 5.58 lakh shares were traded on the counter so far as against the average daily volumes of 2.67 lakh shares in the past two weeks. Shares of Hindustan Copper slumped as the governments two-day offer for sale (OFS) for offloading a total of 4% stake in the company kicked off today, 2 August 2017.

Infibeam Incorporation declined 3.84% at Rs 1,390.50. The stock was the second biggest loser in A group. On the BSE, 2.53 lakh shares were traded on the counter so far as against the average daily volumes of 2.02 lakh shares in the past two weeks.

Videocon Industries fell 3.38% at Rs 22.85. The stock was the third biggest loser in A group. On the BSE, 2.45 lakh shares were traded on the counter so far as against the average daily volumes of 13.26 lakh shares in the past two weeks.

Jaiprakash Associates skid 3.87% at Rs 27.35. The stock was the fourth biggest loser in A group. On the BSE, 46.02 lakh shares were traded on the counter so far as against the average daily volumes of 1.87 crore shares in the past two weeks.

AIA Engineering tumbled 3.07% at Rs 1,422.75. The stock was the fifth biggest loser in A group. On the BSE, 1,553 shares were traded on the counter so far as against the average daily volumes of 2,597 shares in the past two weeks.

Powered by Capital Market - Live News

Precision Camshafts to announce Quarterly Result
Aug 02,2017

Precision Camshafts will hold a meeting of the Board of Directors of the Company on 10 August 2017, to consider and approve unaudited financial results for the quarter ended 30th June 2017 and trading window closure.

Powered by Capital Market - Live News

Mishtann Foods announces board meeting date
Aug 02,2017

Mishtann Foods will hold a meeting of the Board of Directors of the Company on 10 August 2017, to consider, adopt and approve Standalone as well as Consolidated Unaudited Financial Results for the quarter ended on 30th June, 2017.

Powered by Capital Market - Live News

Shipping Corporation of India to convene board meeting
Aug 02,2017

Shipping Corporation of India will hold a meeting of the Board of Directors of the Company on 10 August 2017, for approving the Un-audited financial results for quarter ended on 30.06.2017.

Powered by Capital Market - Live News

Brilliant Portfolios to hold board meeting
Aug 02,2017

Brilliant Portfolios will hold a meeting of the Board of Directors of the Company on 11 August 2017, to consider, approve and take on records the Unaudited Quarterly Results of the Company for the Quarter ended on 30th June, 2017.

Powered by Capital Market - Live News

Koa Tools India to hold board meeting
Aug 02,2017

Koa Tools India will hold a meeting of the Board of Directors of the Company on 12 August 2017.

Powered by Capital Market - Live News