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

Outcome of board meeting of Lloyds Metals & Energy
Jan 19,2017

Lloyds Metals & Energy announced that the Board of Directors of the Company at its meeting held on 19 January 2017 approved the following -

Memorandum of Understanding to be entered with Maharashtra Industrial Development Corporation for perchance of land in Gadchiroli district for setting up steel plant by the Company.

Proposal for renewal and increase in cash credit limit from Rs 15 crore to Rs 30 crore.

Powered by Capital Market - Live News

Sarda Proteins to consider Q3 and 9M results
Jan 19,2017

Sarda Proteins announced that the meeting of the Board of Directors of the Company will be held on 28 January 2017, inter alia, to consider and approve the Unaudited Financial Results of the Company and to take on record Limited Review Report thereon for the quarter/nine months ended on 31 December 2016.

Powered by Capital Market - Live News

Mohit Industries Board to approve Q3 and 9M results
Jan 19,2017

Mohit Industries announced that a Meeting of the Board of Directors of the Company will be held on 25 January 2017, inter alia, to consider and approve the Un-audited Financial Results along with Limited Review Report for the Quarter and nine months ended on 31 December 2016.

Powered by Capital Market - Live News

Mohit Industries Board to approve Q3 and 9M results
Jan 19,2017

Mohit Industries announced that a Meeting of the Board of Directors of the Company will be held on 25 January 2017, inter alia, to consider and approve the Un-audited Financial Results along with Limited Review Report for the Quarter and nine months ended on 31 December 2016.

Powered by Capital Market - Live News

Board of Balmer Lawrie & Company to consider Q3 results
Jan 19,2017

Balmer Lawrie & Company 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 the following:

- Approve the un-audited financial results of the Company for the third quarter ended 31 December 2016 (subject to prior review by the Audit Committee on the same day) in terms of Regulation 29(1 )(a) of the SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015.

Powered by Capital Market - Live News

Board of Balmer Lawrie & Company to consider Q3 results
Jan 19,2017

Balmer Lawrie & Company 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 the following:

- Approve the un-audited financial results of the Company for the third quarter ended 31 December 2016 (subject to prior review by the Audit Committee on the same day) in terms of Regulation 29(1 )(a) of the SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015.

Powered by Capital Market - Live News

Board of Sanghvi Movers to consider December quarter results
Jan 19,2017

Sanghvi Movers announced that a meeting of the Board of Directors of the Company will be held on 09 February 2017, to approve the Unaudited Financial Results along with the Limited Review Report for the quarter and nine months ended on 31 December 2016.

Powered by Capital Market - Live News

Board of Sanghvi Movers to consider December quarter results
Jan 19,2017

Sanghvi Movers announced that a meeting of the Board of Directors of the Company will be held on 09 February 2017, to approve the Unaudited Financial Results along with the Limited Review Report for the quarter and nine months ended on 31 December 2016.

Powered by Capital Market - Live News

Board of Sunil Industries to consider December quarter results
Jan 19,2017

Sunil Industries announced that the meeting of the Board of Directors of the Company the Company will be held on 14 February 2017, inter alia, to transact the following business;

- To approve Un-Audited Financial Results along with Limited Review Report for the quarter ended on 31 December 2016.

Powered by Capital Market - Live News

Board of Sunil Industries to consider December quarter results
Jan 19,2017

Sunil Industries announced that the meeting of the Board of Directors of the Company the Company will be held on 14 February 2017, inter alia, to transact the following business;

- To approve Un-Audited Financial Results along with Limited Review Report for the quarter ended on 31 December 2016.

Powered by Capital Market - Live News

Board of Modi Naturals allots 15,38,463 warrants on preferential basis
Jan 19,2017

Modi Naturals announced that the Board of Directors of the Company at its meeting held on 19 January 2017 has issued and allotted 15,38,463 warrants on preferential basis to non-promoters.

Powered by Capital Market - Live News

Board of Modi Naturals allots 15,38,463 warrants on preferential basis
Jan 19,2017

Modi Naturals announced that the Board of Directors of the Company at its meeting held on 19 January 2017 has issued and allotted 15,38,463 warrants on preferential basis to non-promoters.

Powered by Capital Market - Live News

Outcome of board meeting of PVV Infra
Jan 19,2017

PVV Infra announced that the Board of Directors at its meeting held on 19 January 2017 approved the following -

Approved the acquisition of 55 % stake in MR Energy. MR Energy is into the manufacturing of Expandable Polystyrene (EPS) panels for housing and allied projects with advanced technology and fully equipped manufacturing facility at Ravulapalem, Andhra Pradesh.

Board of Directors approved the appointment of Navneet Kaur Virk, as Compliance Officer of the company with immediate effect.

Powered by Capital Market - Live News

Ujjivan Financial Services standalone net profit declines 11.86% in the December 2016 quarter
Jan 19,2017

Net profit of Ujjivan Financial Services declined 11.86% to Rs 42.81 crore in the quarter ended December 2016 as against Rs 48.57 crore during the previous quarter ended December 2015. Sales rose 36.63% to Rs 362.18 crore in the quarter ended December 2016 as against Rs 265.08 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales362.18265.08 37 OPM %53.3669.38 - PBDT67.4376.89 -12 PBT64.6774.80 -14 NP42.8148.57 -12

Powered by Capital Market - Live News

GNA Axles standalone net profit rises 27.19% in the December 2016 quarter
Jan 19,2017

Net profit of GNA Axles rose 27.19% to Rs 8.14 crore in the quarter ended December 2016 as against Rs 6.40 crore during the previous quarter ended December 2015. Sales declined 4.04% to Rs 118.55 crore in the quarter ended December 2016 as against Rs 123.54 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales118.55123.54 -4 OPM %16.3715.69 - PBDT18.4615.67 18 PBT12.439.32 33 NP8.146.40 27

Powered by Capital Market - Live News