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

State Bank of Travancore to announce Q3 and 9M results
Jan 24,2017

State Bank of Travancore announced that a meeting of the Board of Directors of the Bank will be held on 01 February 2017, inter alia, to consider and take on record the Un-Audited (Reviewed) Financial Results of the Bank for the quarter/ nine months ended 31 December 2016.

Powered by Capital Market - Live News

Sheela Foam to announce December quarter results
Jan 24,2017

Sheela Foam announced that the meeting of the Board of Directors of the Company is scheduled to be held on 03 February 2017, inter alia, to approve the unaudited financial results for the quarter ended on 31 December 2016.

Powered by Capital Market - Live News

Board of FCS Software Solutions to consider December quarter results
Jan 24,2017

FCS Software Solutions announced that the meeting of the Board of Directors of the Company is scheduled to be held on 31 January 2017, inter alia, to consider, approve and publish unaudited Financial Results of the Company for the quarter ended on 31 December 2016, as per Ind-AS Rules of Company (Indian Accounting Standard) Rules, 2015.

Powered by Capital Market - Live News

Board of Balaji Telefilms to consider Q3 and 9M results
Jan 24,2017

Balaji Telefilms announced that a Meeting of the Board of Directors of the Company is scheduled to be held on 13 February 2017, inter alia, to consider, take on record and approve, the Unaudited Standalone and Consolidated Financial Results of the Company and Limited Review Report by Statutory Auditors for the quarter and nine months ended 31 December 2016.

Powered by Capital Market - Live News

Agenda for board meeting of Asian Hotels (East)
Jan 24,2017

Asian Hotels (East) announced that a meeting of the Board of Directors of the Company will be held on 10 February 2017, inter alia, to transact the following businesses:

1. To consider and approve the unaudited standalone financial results for quarter (Q3) and nine months ended on 31 December 2016 And

2. To consider and approve the restructuring of the businesses of the Company and its subsidiaries along with the draft Scheme of Arrangement and other documents.

Powered by Capital Market - Live News

Board of Mangalam Cement to consider Q3 and 9M results
Jan 24,2017

Mangalam Cement announced that a meeting of the Board of the Directors of the Company will be held on 11 February 2017, inter alia, to consider, approve and take on record the Unaudited Financial Results of the Company for the quarter / nine months ended 31 December 2016.

Powered by Capital Market - Live News

Hazoor Multi Projects to consider Q3 results
Jan 24,2017

Hazoor Multi Projects announced that a meeting of the Board of Directors of the Company is scheduled to be held on 06 February 2017, inter alia, to consider and approve the Un-audited Financial Result of the Company for the Third Quarter ended 31 December 2016 along with Limited Review Report thereon to be submitted by the Statutory Auditors of the Company.

Powered by Capital Market - Live News

Kwality to announce Q3 and 9M results
Jan 24,2017

Kwality announced that a Meeting of the Board of Directors of the company will be held on 10 February 2017, inter alia, to take on record the Unaudited Financial Result for the quarter and nine months ended 31 December 2016.

Powered by Capital Market - Live News

Board of Sarvottam Finvest to consider December quarter results
Jan 24,2017

Sarvottam Finvest announced that a meeting of the Board of Directors of the Company is scheduled to be held on 14 February 2017, inter alia, to consider and approve the Unaudited Financial Results for the quarter ended 31 December 2016.

Powered by Capital Market - Live News

Mihika Industries to consider December quarter results
Jan 24,2017

Mihika Industries announced that a meeting of the Board of Directors of the Company is scheduled to be held on 14 February 2017, inter alia, to consider and approve the Unaudited Financial Results for the quarter ended 31 December 2016.

Powered by Capital Market - Live News

Cimmco to announce Q3 and 9M results
Jan 24,2017

Cimmco announced that a meeting of the Board of Directors of the Company is scheduled to be held on 06 February 2017, inter alia, to consider the unaudited financial results for quarter and nine months ended 31 December 2016.

Powered by Capital Market - Live News

Titagarh Wagons Board to consider Q3 and 9M results
Jan 24,2017

Titagarh Wagons announced that a meeting of the Board of Directors of the Company is scheduled to be held on 06 February 2017, inter alia, to consider the unaudited financial results for quarter and nine months ended 31 December 2016.

Powered by Capital Market - Live News

Board of Union Bank of India to consider Q3 results
Jan 24,2017

Union Bank of India announced that a meeting of Board of Directors of the Bank is scheduled to be held on 08 February 2017, to consider and take on record the Reviewed Unaudited Financial Results of the Bank for the quarter ended on 31 December 2016 (Q3).

Powered by Capital Market - Live News

High Ground Enterprise incorporate subsidiary in Singapore
Jan 24,2017

High Ground Enterprise announced that the Wholly Owned Subsidiary (WOS) in Singapore under the name and style of HGEL International has been Incorporated vide approval dated 23 January 2017.

Powered by Capital Market - Live News

Board of NPR Finance to consider Q3 and 9M results
Jan 24,2017

NPR Finance announced that a meeting of the Board of Directors of the Company will be held on 11 February 2017, inter alia, 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