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

Achal Investments standalone net profit declines 66.67% in the December 2016 quarter
Feb 14,2017

Net profit of Achal Investments declined 66.67% to Rs 0.01 crore in the quarter ended December 2016 as against Rs 0.03 crore during the previous quarter ended December 2015. Sales declined 54.29% to Rs 0.16 crore in the quarter ended December 2016 as against Rs 0.35 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales0.160.35 -54 OPM %6.258.57 - PBDT0.010.03 -67 PBT0.010.03 -67 NP0.010.03 -67

Powered by Capital Market - Live News

Tata Consultancy Services receives 15 Brandon Hall Group Awards
Feb 14,2017

Tata Consultancy Services has been awarded 15 Brandon Hall Group awards across five human categories at the Brandon Hall Groups HCM Excellence Awards 2016.

Powered by Capital Market - Live News

Resonance Specialties enters into agreement with Tata Consultancy Services
Feb 14,2017

Resonance Specialties has entered into an agreement with Tata Consultancy Services (TCS), to avail its iON manufacturing Solution.

Powered by Capital Market - Live News

Board of Centum Electronics approves allotment of shares under ESOP
Feb 14,2017

Centum Electronics announced that the Board of Directors of the company at its meeting held on 14 February 2017 have considered and approved the below:

1. Allotment of 6,542 equity shares to the employees pursuant to exercise of stock options granted to them under Centum ESOP 2007 & ESOP 2013 Plan.

The employees as listed in the enclosed have been allotted the shares and disclosure is being made in compliance with regulation 7(2) of the SEBI (Prohibition of Insider Trading) Regulations and other applicable laws including Takeover Code.

2. Declaration of Interim dividend at Rs. 2/- per share on the paid up share capital of the Company. The dividend will be paid on 27 February 2017.

Powered by Capital Market - Live News

Board of REC approves sale of shares of NER II Transmission held by REC Transmission Projects Company
Feb 14,2017

Rural Electrification Corporation announced that subject to approval of the Ministry of Power, Government of India, the Board of Directors of Rural Electrification Corporation (REC) in its meeting held on 14 February 2017 has approved the proposal of sale and transfer of 50,000 Equity shares of NER II Transmission held by REC Transmission Projects Company (a wholly owned subsidiary of REC) to Sterlite Grid 4.

Powered by Capital Market - Live News

Fitch: Number of AAA-Rated Countries Lowest Since 2003
Feb 14,2017

The number of Fitch-rated sovereigns with AAA ratings is at its lowest level since 2003 and is expected to remain unchanged over the next two years, says Fitch Ratings.

Eleven countries have AAA status, compared with an all-time high of 16 during 2004 to 2009, reflecting the longer term impact of the global financial crisis.

This is less than 10% of Fitchs global sovereign portfolio, the smallest ever share for the rating category, and consistent with AAA sovereigns now accounting for 40% of global government debt at end-2016, down from 48% a decade ago, said James McCormack, Global Head of Sovereign Ratings at Fitch.

All Fitchs AAA sovereigns have a Stable Outlook, suggesting we do not anticipate downgrades in the coming 12 to 24 months. Furthermore, no AA+ rated sovereign has a Positive Outlook, suggesting upgrades to AAA are unlikely over the same time-frame.

Japan was the first sovereign to lose its AAA rating in 1998, followed by another six in the aftermath of the global financial crisis over the seven years since 2009. These are: Austria (AA+/Stable), Finland (AA+/Stable), France (AA/Stable), Ireland (A/Stable), Spain (BBB+/Stable) and the UK (AA/Negative).

Australia is the only sovereign to have been upgraded to AAA in the last decade, in November 2011. No former AAA sovereign has ever regained its AAA status, although we have upgraded Spain and Ireland from their post-crisis lows.

AAA remains our most stable rating. Fitchs latest transition and default study shows the average annual transition rate for AAA sovereigns over the past 20 years was 2.5%, or that 97.5% of sovereigns that start the year at AAA remain there over the next 12 months, added McCormack.

Fitchs AAA sovereigns are: Australia, Canada, Denmark, Germany, Luxembourg, Netherlands, Norway, Singapore, Sweden, Switzerland and the United States.

Powered by Capital Market - Live News

Emmsons International appoints company secretary
Feb 14,2017

Emmsons International announced that Sandhya Kedia, Company Secretary, has been appointed as the Company Secretary and Compliance Officer of the Company with effect from 01 February 2017.

Powered by Capital Market - Live News

Sujana Towers renamed as Neueon Towers
Feb 14,2017

Sujana Towers announced that the Company changed its name from SUJANA TOWERS to NEUEON TOWERS, the same has been approved by the both Stock Exchanges where the Shares of the Company are listed i.e. BSE and National Stock Exchange of India vide Notice dt. 13 February 2017 (BSE) and vide dt. 13 February 2017 (NSE) with effect from 17 February 2017 (Both Exchanges) respectively.

Powered by Capital Market - Live News

Gujarat Natural Resources appoints director
Feb 14,2017

Gujarat Natural Resources announced that Paval Makani has been appointed as additional, Independent Non-Executive, Director of the Company with effect from 14 February 2017.

Powered by Capital Market - Live News

Eldeco Housing & Industries fixes record date for interim dividend
Feb 14,2017

Eldeco Housing & Industries has fixed 24 February 2017 as the Record Date for the purpose of Payment of Interim Dividend.

Powered by Capital Market - Live News

Websol Energy System provides financial update
Feb 14,2017

Websol Energy System announced that the Company at its meeting held 14 February 2017 has recorded the NOC received from EXIM bank and ICICI Bank for the amount paid pursuant to OTS arrived with both the banks.

The Company has entered into one time settlement with HDFC Bank, Standard Chartered Bank and ARCIL. Payments have already been started from the schedule date. Last instalment falls due on or before 31 March 2017 of HDFC Bank and Standard Chartered Bank. Payment to ARCIL falls due on or before 30 April 2017.

Allahabad bank has assigned their entire loan to Invent ARC. Subsequently company has entered into one time settlement with Invent ARC. Their last instalment falls due on 30 June 2021.

Further, the Company is in discussion with its other two lenders for settlement of their debts.

Powered by Capital Market - Live News

Sinner Energy India announces change in CFO
Feb 14,2017

Sinner Energy India announced that the Board of Directors of the Company has taken on record resignation of Kavita Purandare from post of CFO and appointed Mahesh Raut, MD as CFO of the Company.

Powered by Capital Market - Live News

Board of Nitco accepts resignation of director
Feb 14,2017

Nitco announced that the Board of directors of the Company at their meeting held on 14 February 2017 has approved the Resignation Letter received from Rohan Talwar, Non- executive Non-Independent Director of the Company who has expressed his desire to resign from the services of the Company due to his pre-occupation with Hospitality business overseas. The board accepted the letter with immediate effect and wished him luck for his future endeavours.

Powered by Capital Market - Live News

Board of Dewan Housing Finance Corporation approves sale of 100% stake in DPLI to DHFL Investments
Feb 14,2017

Dewan Housing Finance Corporation announced that the Board of Directors of the Company at its meeting held on 14 February 2017 approved the entering into of definitive agreements for the sale of 100% of the shares held by the Company in DHFL Pramerica Life Insurance Company (DPLI) to its wholly owned subsidiary DHFL Investments. The additional capital so raised by the Company will be deployed towards expansion of the Companys core business and/ or repayment of its high cost borrowings.

Powered by Capital Market - Live News

Board of Radix Industries approves change in directorate
Feb 14,2017

The Board of Directors of Radix Industries (India) approved resignation of V Viswanada Raju as Independent Director and appointed Sivarama Prasad Surapaneni as Additional Director with effect from 14 February 2017.

Powered by Capital Market - Live News