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

KRBL set up a Furfurly Alcohol plant
Dec 13,2016

KRBL announced that as a forward integration step, the Company has set up a Furfurly Alcohol plant at the total cost of Rs 7 crore.

Furfurly Alcohol is a liquid organic chemical, manufactured from Furfurly oil which is produced from rice husk which arises as a by-product during the course of business activity of the company. The commercial production of this furfurly alcohol is expected to commence shortly.

Powered by Capital Market - Live News

Royal Orchid Hotels add two hotels to its portfolio
Dec 13,2016

Royal Orchid Hotels announced the opening of two hotels under its brand Regenta Inn in Vadodara and Kolkata slated to open on 15 December 2016.

Powered by Capital Market - Live News

Sybly Industries announces resignation of company secretary
Dec 13,2016

Sybly Industries announced that Sahil Agarwal has resigned from the post of the Company Secretary of the Company w.e.f. 12 November 2016.

The Resignation was accepted by the Board on 08 December 2016. He also ceased to be Compliance Officer of the Company.

Powered by Capital Market - Live News

Murad Properties & Projects announces change in directorate
Dec 13,2016

Murad Properties & Projects announced that Alpesh Maheshbhai Gupta appointed as an Additional director holding the category of an Executive (Non Promoter) Director and Mukund Mahendrakumar Shah appointed as an Independent Director holding the category of Non-Executive (Non Promoter) Director w.e.f. 13 December 2016.

And Pankaj Dave has been resigned from directorship of the Company w.e.f. 13 December 2016.

Powered by Capital Market - Live News

NTPC to raise Rs 3925 crore for funding capital expenditure and refinance debt
Dec 13,2016

NTPC has decided to raise Rs. 3925 crore through private placement of secured non-convertible debentures at a coupon of 7.37% p.a. with a door to door maturity of 15 years on December 14, 2016. The proceeds will be utilized to finance capital expenditure / refinancing the debt requirement in on-going projects and other general corporate requirements.

Powered by Capital Market - Live News

Visaka Industries gets revision in credit ratings
Dec 13,2016

Visaka Industries announced that the Credit Rating agency CARE Ratings has reviewed the Companys Fixed Deposit (FD) Programme as well as Bank Facilities along with the operational and financial performance and reaffirmed the same.

FD Programme (Rs 25 crore) - CARE A+(FD) (Reaffirmed)

Long term bank facilities (Rs 285.91 crore) - CARE A+ (Reaffirmed)

Short term bank facilities (Rs 185 crore) - CARE A1+ (Reaffirmed)

Long term/ short term bank facilities (Rs 118.50 crore) - CARE A+/ CARE A1+ (Reaffirmed)

Powered by Capital Market - Live News

Quick Heal Technologies provides product update
Dec 13,2016

Seqrite, the Enterprise Security Solutions brand by Quick Heal Technologies announced that its Endpoint Security (EPS) solution has received a high score of 17.5/18 in AV-TEST Institutes (independent security testing labs) September-October 2016 results.

Powered by Capital Market - Live News

Wockhardt continues with GMP status for Kadaiya manufacturing unit
Dec 13,2016

Wockhardt announced that UK MHRA has since confirmed that the Companys manufacturing unit at Kadaiya, Daman complies with the principles and guidelines of Good Manufacturing Practices. In view of this, the approval status of the said unit continues.

Powered by Capital Market - Live News

Power Grid Corporation of India provides project update
Dec 13,2016

Power Grid Corporation of India announced that POWERGRID Warora Transmission, a wholly owned subsidiary of Power Grid Corporation of India, secured though Tariff Based Competitive Bidding (TBCB), has successfully completed the element - LILO of existing Seoni-Bina 765kV S/C line at Gadarwara STPP and declared the same for Commercial Operation on 30 November 2016.

Powered by Capital Market - Live News

RBL Bank gets rating assigned for Certificate of Deposit programme
Dec 13,2016

RBL Bank announced that ICRA, vide its letter dated 13 December 2016 has assigned the rating of n++[ICRA] A1+n++ (pronounced as ICRA A One Plus) to Certificate of Deposits programme of the Bank for an enhanced amount of Rs. 3000 crore.

Powered by Capital Market - Live News

Cera Sanitaryware gets reaffirmation in rating for ST debt
Dec 13,2016

Cera Sanitaryware has received reaffirmation of CRISIL A1+ rating on the Rs 30 crore short term debt (including commercial paper) from CRISIL.

Powered by Capital Market - Live News

Jindal Steel & Power provides update on subsidiary - Jindal Power
Dec 13,2016

Jindal Steel & Power announced that Jindal Power, a subsidiary of Jindal Steel & Power, has successfully obtained Commercial date of Operation (COD) in respect of 4th and last unit of 4*600 MW Power Plant at Tamnar w.e.f. 12 December 2016.

Powered by Capital Market - Live News

Sterlite Technologies allots equity shares
Dec 13,2016

Sterlite Technologies announced that the Allotment Committee of the Board of Directors of the Company in its meeting held on 13 December 2016 has allotted 320908 equity shares to those grantees who had exercised their options under the Companys Employee Stock Option Scheme - 2010.

Further, the aforesaid shares will rank pari passu with the existing shares of the Company in all respects. Post allotment, the share capital of the Company has increased to 39,82,01,956 shares.

Powered by Capital Market - Live News

Anubhav Infrastructure to consider migration to main board of BSE
Dec 13,2016

Anubhav Infrastructure announced that the meeting of the Board of Directors of the Company is scheduled to be held on 16 December 2016, inter-alia, to transact the following matters:-

1. To migrate the Company from BSE SME Segment to the Main Board of BSE and to obtain the approval for the same through Postal Ballot Process.

2. To appoint Scrutinizer for Postal Ballot Process for the aforesaid matters.

Powered by Capital Market - Live News

Sai Capital to consider dematerialization of equity shares
Dec 13,2016

Sai Capital announced that a Meeting of the Board of Directors of the Company is scheduled to be held on 24 December 2016, inter alia, to consider and approve, the dematerialization of Equity Shares of the Company.

Powered by Capital Market - Live News