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

BMB Music & Magnetics to hold board meeting
Feb 08,2017

BMB Music & Magnetics will hold a meeting of the Board of Directors of the Company on 13 February 2017, to consider and approve the Unaudited Financial Results of the Company, for the Quarter and Nine Months Ended on 31 December 2016.

Powered by Capital Market - Live News

Yuvraaj Hygiene Products to hold board meeting
Feb 08,2017

Yuvraaj Hygiene Products will hold a meeting of the Board of Directors of the Company on 14 February 2017, to consider and approve the Unaudited Financial Results for the quarter and nine months ended 31 December 2016 & Issue of Convertible Warrants through Preferential Offer

Powered by Capital Market - Live News

Tirupati Inks to hold board meeting
Feb 08,2017

Tirupati Inks will hold a meeting of the Board of Directors of the Company on 14 February 2017, to consider and approve the Unaudited Financial Results of the Company, for the Quarter and Nine Months Ended on 31 December 2016.

Powered by Capital Market - Live News

Azure Exim Services to hold board meeting
Feb 08,2017

Azure Exim Services will hold a meeting of the Board of Directors of the Company on 14 February 2017, to consider and approve the Limited Review Report on the Un-audited Financial Result for the Quarter ended 31 December 2016.

Powered by Capital Market - Live News

Surya Industrial Corporation to hold board meeting
Feb 08,2017

Surya Industrial Corporation will hold a meeting of the Board of Directors of the Company on 14 February 2017, to Consider and approve the Limited Review Report on the Un-audited Financial Result for the Quarter ended 31 December 2016.

Powered by Capital Market - Live News

Kausambi Vanijya to hold board meeting
Feb 08,2017

Kausambi Vanijya will hold a meeting of the Board of Directors of the Company on 14 February 2017, to Consider and approve the Limited Review Report on the Un-audited Financial Result for the Quarter and half year ended on 31st December, 2016.

Powered by Capital Market - Live News

White Diamond Industries to hold board meeting
Feb 08,2017

White Diamond Industries will hold a meeting of the Board of Directors of the Company on 14 February 2017, for approving and taking on record the Quarterly Unaudited Financial Results of the Company for the Quarter ended 31 December 2016.

Powered by Capital Market - Live News

Generic Engg. Constructn. & Projects to hold board meeting
Feb 08,2017

Generic Engg. Constructn. & Projects will hold a meeting of the Board of Directors of the Company on 14 February 2017, to approve Un-Audited Financial Results along with Limited Review Report for the Quarter and nine months period ended on 31 December 2016.

Powered by Capital Market - Live News

Modi Naturals to hold board meeting
Feb 08,2017

Modi Naturals will hold a meeting of the Board of Directors of the Company on 13 February 2017, to consider the Unaudited Financial Results of the Company for the quarter ended 31 December 2016.

Powered by Capital Market - Live News

Netvista Information Technology to hold board meeting
Feb 08,2017

Netvista Information Technology will hold a meeting of the Board of Directors of the Company on 14 February 2017, to Consider and approve the Limited Review Report on the Un-audited Financial Result for the Quarter ended 31 December 2016.

Powered by Capital Market - Live News

Board of ICRA to consider buyback of shares along with Q3 results
Feb 08,2017

ICRA announced that the Board of Directors will consider proposal for Buy-back of the equity shares of the Company at the meeting scheduled to be held on 09 February 2017 inter alia, for the purpose of approving the Unaudited Financial Results (Standalone and Consolidated) of the Company for the quarter and nine months ended 31 December 2016 (Q3).

Powered by Capital Market - Live News

Hitech Plast slumps after weak Q3 result
Feb 08,2017

The result was announced after market hours yesterday, 7 February 2017.

Meanwhile, the S&P BSE Sensex was up 6.53 points, or 0.02%, to 28,341.69

On the BSE, 4,956 shares were traded in the counter so far, compared with an average volume of 9,453 shares in the past one quarter. The stock hit a high of Rs 163 and a low of Rs 157 so far during the day. The stock hit a record high of Rs 223.45 on 21 October 2016. The stock hit a 52-week low of Rs 126.60 on 12 February 2016.

The small-cap company has equity capital of Rs 17.18 crore. Face value per share is Rs 10.

Hitech Plast is a leading rigid plastic packaging manufacturer delivering innovative and sustainable products.

Powered by Capital Market - Live News

Board of Bharti Airtel approves restructuring of subsidiaries
Feb 08,2017

Bharti Airtel announced that the Board of Directors of the Company at its meeting held on 07 February 2017 has approved the following -

The Companys investment in its wholly owned subsidiaries Bharti Aitel International (Mauritius), Mauritius, Bharti Airtel International (Netherlands) B.V. (BAIN), Netherlands and Bharti International (Singapore) (BISPL) will be held entirely by Network i2i, Mauritius, another wholly owned subsidiary of the Company;

The Company will continue to hold 100% of Ni2i;

BAIN will continue to hold the shareholding in African operating companies; and

The Companys investment in its wholly owned subsidiaries Bharti Airtel (USA), Bharti Airtel (Hong Kong) and Bharti Airtel (UK) will be held entirely by BISPL, another wholly owned subsidiary of the Company.

The resultant vertical step by step shareholding structure envisaged by the above restructuring aims to offer number of benefits including delayering and simplification of structure and synergies without any change in ultimate ownership over the said subsidiaries.

The aforesaid restructuring shall have no impact on the consolidated financial statement of the Company.

Powered by Capital Market - Live News

Amendment in Pradhan Mantri Garib Kalyan Deposit Scheme (PMGKDS), 2016
Feb 08,2017

The Government of India, in consultation with the Reserve Bank of India (RBI), had notified Pradhan Mantri Garib Kalyan Deposit Scheme (PMGKDS), 2016 vide Notification No. S.O.4061(E) dated December 16, 2016. The deposit under this Scheme shall be made by any person who declared undisclosed income under Pradhan Mantri Garib Kalyan Yojana, 2016. The deposit sum, which shall not be less than twenty-five per cent of the declared undisclosed income, can be deposited at the authorized banks (as notified by Government of India) from December 17, 2016 (Saturday) to March 31, 2017 (Friday).

In this connection, the Government of India has decided to allow declarants to make deposits on one or more occasions in the PMGKDS, 2016. Accordingly, para 4(4) of the notification stands amended as under:

n++4. Subscription and Mode of investment in the Bonds Ledger Account- (4), the deposit to be made under sub-section (1) of Section 199F under this Scheme can be made, on one or more occasions. The deposits shall be made before filing declaration under sub-section (1) of section 199C.n++

Powered by Capital Market - Live News

Blue Dart drops after weak Q3 outcome
Feb 08,2017

The result was announced after market hours yesterday, 7 February 2017.

Meanwhile, the S&P BSE Sensex was up 12.16 points or 0.04% at 28,347.32

On BSE, so far 101 shares were traded in the counter as against average daily volume of 2,227 shares in the past one quarter. The stock hit a high of Rs 4,296 and a low of Rs 4,240 so far during the day. The stock had hit a 52-week low of Rs 4,162.10 on 27 December 2016. The stock had hit a 52-week high of Rs 6,419.30 on 13 April 2016.

The large-cap company has equity capital of Rs 23.73 crore. Face value per share is Rs 10.

Blue Dart Express Managing Director, Anil Khanna, said that Q3 December 2016 was extremely tough for the economy, industry and the company.

Blue Dart Express accesses the largest and most comprehensive express and logistics network worldwide, covering over 220 countries and territories and offers an entire spectrum of distribution services including air express, freight forwarding, supply chain solutions and customs clearance.

Powered by Capital Market - Live News