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 HRB Floriculture appoints director
May 22,2017

HRB Floriculture announced the appointment of Vinod Upadhyaya as Additonal Director with effect from 22 May 2017 at board meeting held on 22 May 2017.

Powered by Capital Market - Live News

Wipro allots 198,374 equity shares
May 22,2017

Wipro has allotted 198,374 equity shares under ESOP on 19 May 2017.

Powered by Capital Market - Live News

Texmaco Rail & Engineering allots 5250 equity shares
May 22,2017

Texmaco Rail & Engineering has allotted 5,250 Equity Shares of Re 1 /- each pursuant to exercise of options by its employees under the Texmaco Employee Stock Option Scheme 2014. Consequent to the allotment, the paid up capital of the Company has increased from 21,95,71,343 Equity Shares of Rs 1/- each to 21,95,76,593 Equity Shares of Re 1/- each.

Powered by Capital Market - Live News

Virtual Global Education announces appointment of Global CEO
May 22,2017

Virtual Global Education has appointed Amit Srivastav as Global CEO.

Powered by Capital Market - Live News

Vakrangee allots 169125 equity shares
May 22,2017

Vakrangee has allotted 169125 numbers of Equity Shares having Face Value of Re. 1/- each to the employees of the Company (the Allottees) pursuant to exercise of options under the companys Employee Stock Option (ESOP) Scheme. Post allotment of 169125 shares of face value of Re. 1/- each, the Companys issued and paid-up share capital stands increased to 529401545 Equity Shares of face value of Re. 1/- each aggregating to Rs. 52,94,01,545/-.

Powered by Capital Market - Live News

Entertainment Network (India) discontinues its FM Radio Station at Panaji
May 22,2017

Entertainment Network (India) announced that the Company has discontinued the operation of FM Radio Station at Panaji - Goa with effect from 22 May 2017.

Powered by Capital Market - Live News

Board of Chennai Meenakshi Multispeciality Hospital does not recommend dividend
May 22,2017

Chennai Meenakshi Multispeciality Hospital announced that the Board of Directors of the Company at its meeting held on 22 May 2017 have not recommended dividend.

Powered by Capital Market - Live News

Meghmani Organics appoints CFO
May 22,2017

Meghmani Organics has appointed Raj Kumar Mehta as CFO of the Company at board meeting held on 22 May 2017.

Powered by Capital Market - Live News

Outcome of board meeting of DCM Financial Services
May 22,2017

DCM Financial Services announced that the Board of Directors of the Company transacted the following -

The Board considered & approved appointment of Medini Jaiswal (DIN: 07828197) as Independent Director on Board of the Company with effect from 22 May 2017.

The Board considered & approved appointment of Srishti Singh, as Company Secretary & Compliance Officer of the Company.

The Board considered & approved appointment of Medini Jaiswal (DIN: 07828197) as Independent Director on the Board of Global IT Options (DFS Securities), material subsidiary of DCM Financial Services.

Powered by Capital Market - Live News

Board of Sanwaria Agro Oils approves bonus issue
May 22,2017

Sanwaria Agro Oils announced that the Board of Directors of the Company at its meeting held on 22 May 2017 has recommended bonus issue in the ratio of 1:1. The Board has approved increase in authorised capital of the company from Rs 40 crore to Rs 78 crore divided into 76 crore equity shares of Re 1 each and 20 lakh preference shares of Rs 10 each.

Powered by Capital Market - Live News

Board of Meghmani Organics approves delisting of SDSs on Singapore Exchange
May 22,2017

Meghmani Organics announced that subject to approval of the holders of the Singapore Depository Shares (SDSs), the provisions of the Listing Agreement with Singapore Exchange (SGX), the SGX Main Board Rules, Securities Trading Limited, the provisions of the Depository Agreement dated 01 March 2004 with the Central Depository (Pte) and DBS Bank Ltd (the Depository Agreement), Take over code - Singapore, the provisions of Foreign Exchange Management Act, 1999 (FEMA), all other applicable provisions of the law, rules, regulations, guidelines, notifications in India and Singapore, and further subject to such terms, conditions, stipulations and modifications as may be prescribed, imposed or suggested by any of them while granting such approvals, the Board of Directors has granted in principle approval for:

(a) delisting of the SDSs listed on SGX;

(b) to terminate the Depository Agreement (DA) , immediately on the expiry or cessation of the time provided to the SDS holders to convert their respective SDSs to equity shares of the Company and act as per DA.

Powered by Capital Market - Live News

Board of Shree Securities appoints Director and CFO
May 22,2017

Shree Securities announced that the Board of Directors of the Company at its meeting held on 22 May 2017 has appointed Swapna Jain as Whole Time Director and CFO for the period of five consecutive years.

Powered by Capital Market - Live News

Quintegra Solutions plans to restructure capital
May 22,2017

Quintegra Solutions plans to restructure the capital of the company. The Board of Directors will consider the proposal on 05 June 2017.

Powered by Capital Market - Live News

Board of Vipul Organics appoints company secretary
May 22,2017

The Board of Directors of Vipul Organics at its meeting held on 22 May 2017 has appointed Rishika Puri as company secretary and compliance officer of the Company.

Powered by Capital Market - Live News

Kalpataru Power Transmission plans to issue NCDs aggregating Rs 100 crore
May 22,2017

Kalpataru Power Transmission plans to issue Unsecured Redeemable Listed Taxable Non-Convertible Debentures of Rs. 100 crore on private placement basis. The Executive Committee of Board of Directors of the Company will decide on the same on 24 May 2017.

Powered by Capital Market - Live News