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

Board of Vijaya Bank recommends final dividend
May 10,2017

Vijaya Bank announced that the Board of Directors of the Company at its meeting held on 9 May 2017, inter alia, have recommended the final dividend of Rs 1.5 per equity Share (i.e. 15%) , subject to the approval of the shareholders.

Powered by Capital Market - Live News

Board of Godrej Consumer Products recommends dividend
May 10,2017

Godrej Consumer Products announced that the Board of Directors of the Company at its meeting held on 9 May 2017, inter alia, have recommended the dividend of Rs 12 per equity Share (i.e. 1200%) , subject to the approval of the shareholders.

Powered by Capital Market - Live News

Godrej Consumer Products to hold AGM
May 10,2017

Godrej Consumer Products announced that the Annual General Meeting (AGM) of the company will be held on 31 July 2017.

Powered by Capital Market - Live News

Honeywell Automation India to hold board meeting
May 10,2017

Honeywell Automation India will hold a meeting of the Board of Directors of the Company on 16 May 2017, for business review and appointment of Company Secretary [KMP].

Powered by Capital Market - Live News

Precision Containeurs to hold AGM
May 10,2017

Precision Containeurs announced that the Annual General Meeting (AGM) of the company will be held on 30 September 2017.

Powered by Capital Market - Live News

GTL to hold board meeting
May 10,2017

GTL will hold a meeting of the Board of Directors of the Company on 8 May 2017, to approve the Audited Financial Results on standalone and consolidated basis for the year ended 31 March 2017 along with notes and Joint Auditors Report relating thereto

Powered by Capital Market - Live News

Board of BSE recommends final dividend
May 10,2017

BSE announced that the Board of Directors of the Company at its meeting held on 5 May 2017, inter alia, have recommended the final dividend of Rs 23 per equity Share (i.e. 1150%) , subject to the approval of the shareholders.

Powered by Capital Market - Live News

Indian currency market closed for holiday
May 10,2017

Indian currency market was closed on Wednesday (10 May 2017) for a local holiday on account of Buddha Pournima. The trading will commence on Thursday.

Powered by Capital Market - Live News

Hindalco provides update on subsidiary - Novelis
May 10,2017

Hindalco Industries announced that its subsidiary, Novelis Inc. has entered into a joint venture agreement with Kobe Steel, a producer of aluminium products in Japan. The joint venture to be named as Ulsan Aluminium, will be formed by Novelis selling Kobe Steel 50 per cent of its ownership interest in its Ulsan, South Korea facility for USD 315 million.

Through the joint venture, Novelis and Kobe Steel will jointly own and operate the Ulsan facility, with each company remaining responsible for its metal supply and commercial relationship. The joint venture transaction is expected to close in September 2017, subject to customary closing conditions.

Powered by Capital Market - Live News

Somany Ceramics intimates increase in capacity of polished vitrified tiles
May 10,2017

Somany Ceramics announced that expansion of Vintage Plant (Morbi) of Vintage Tiles (an Associate Company) to produce Polished Vitrified Tiles (double charge) upto 4.80 million Square Meter (MSM) per annum is successfully completed and commercial production has commenced from 10 May 2017. This will enable the company to produce value added Polished Vitrified Tiles (double charge) in different sizes. As a result of this expansion, the capacity of the Plant has increased from 2.99 msm per annum to 4.80 msm per annum.

Powered by Capital Market - Live News

Shyam Telecom appoints company secretary
May 10,2017

Shyam Telecom announced that Saurav Goel has been appointed as new Company Secretary w.e.f. 10 May 2017 in place of Dharmender Dhingra, the previous Company Secretary due to his demise on 29 March 2017.

Powered by Capital Market - Live News

Indiabulls Ventures allots 38,864,582 equity shares to Cinnamon Capital (FPI)
May 10,2017

Indiabulls Ventures (the Company) has issued and allotted an aggregate of 38,865,582 (Thirty Eight Million Eight Hundred Sixty Five Thousand and Five Hundred Eighty Two) fully paid up equity shares of face value of Rs. 2/- each of the Company, at an issue price of Rs. 58.40 (including a premium of Rs. 56.40) per equity share, to Cinnamon Capital, a Category III foreign portfolio investor registered with the Securities and Exchange Board of India. Consequent to the said allotment, the paid-up Equity Share Capital of the Company stands increased to Rs. 785,445,004 divided into 392,722,502 equity shares of face value of Rs. 2/-each.

Powered by Capital Market - Live News

BITS appoints MD
May 10,2017

BITS announced that Omprakash Ramashankar Pathak has been appointed as Managing Director of the Company with effect from 08 May 2017.

Powered by Capital Market - Live News

State Bank of India to hold EGM
May 10,2017

State Bank of India announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 15 June 2017 .

Powered by Capital Market - Live News

Board of Ador Fontech recommends final dividend
May 10,2017

Ador Fontech announced that the Board of Directors of the Company at its meeting held on 8 May 2017, inter alia, have recommended the final dividend of Rs 3 per equity Share (i.e. 150%) , subject to the approval of the shareholders.

Powered by Capital Market - Live News