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

Indraprastha Gas announces change in directorate
Jan 20,2017

Indraprastha Gas announced that the Board of Directors of the Company has passed the following resolutions:

1. Cessation of M. Ravindran as a Director w.e.f. 14 January 2017.

2. Appointment of Manoj Jain as an Additional Director w.e.f. 18 January 2017.

Powered by Capital Market - Live News

Aarvee Denims & Exports receives insurance claim of Rs 6.29 crore
Jan 20,2017

Aarvee Denims & Exports announced that Oriental Insurance Company has settled the claim and paid Rs. 6.29 crore on 20 January 2017 in full and final settlement against fire incident that happened on 01 March 2015 at Companys Vijay Farm Unit.

Powered by Capital Market - Live News

Bajaj Finance allots NCDs aggregating Rs 90 crore
Jan 20,2017

Bajaj Finance has allotted 900 secured redeemable non convertible debentures aggregating Rs 90 crore on 20 January 2017 on private placement basis.

Powered by Capital Market - Live News

Shriram Transport Finance Company issues Senior Secured Notes (Rupee Denominated Bonds) aggregating Rs 175 crore
Jan 20,2017

Shriram Transport Finance Company announced that the Company has issued on 20 January 2017 the Senior Secured Notes due 2020 payable in U.S. Dollars with coupon of 8.25% p.a. amounting to Rs. 1,750,000,000 (the Rupee Denominated Bonds) offshore to The Hongkong and Shanghai Banking Corporation, Hongkong. The required details in respect of the Rupee Denominated Bonds are enclosed in Annexure - I.

This Rupee Denominated Bonds have been consolidated and form a single series with the Rs 4,750,000,000 8.25 percent Secured Notes due 2020 Payable in U.S. Dollars issued on 18 January 2017.

Powered by Capital Market - Live News

Dilip Buildcon secures project valued at Rs 1673.58 crore
Jan 20,2017

Dilip Buildcon has received letter of award from Northern Coalfields (M.P) for the work of evacuation of overburden of first dig (solid) and rehandling by mechanical means at specified places at Nigahi OCP of NCL at a project cost of Rs 1673.58 crore having weighted average lead of 5.68 (km) and estimated quantity of 132460000 BCM.

Powered by Capital Market - Live News

Sam Leaseco director resigns
Jan 20,2017

Sam Leaseco announced that Yogesh Gupta, has resigned from the office of the Director of the Company with effect from 20 January 2017.

Powered by Capital Market - Live News

Rasoi fixes record date for consolidation of shares
Jan 20,2017

Rasoi has fixed 03 February 2017 as the Record Date for the purpose of consolidation of the existing twenty equity shares from Rs. 10/- each to one equity share of Rs. 200/-.

Powered by Capital Market - Live News

Board of Akme Star Housing Finance approves bonus issue of 1:1
Jan 20,2017

Akme Star Housing Finance announced that the Board of Directors of the Company at its meeting held on 20 January 2017 subject to the approval of the shareholders in EGM, has considered the following:

- Issuance of Bonus Equity Shares

The Board has approved and recommended to the shareholders to approve issuance of Bonus Shares by capitalizing the Securities Premium Account, to the extent that the holder of 1 Equity Share of the Company shall be entitled to 1 Bonus Equity Share (i.e. in the ratio of 1:1).

Powered by Capital Market - Live News

Rupee extends losses
Jan 20,2017

Rupee extended its losses on Friday (20 January 2017) to close lower at 68.19/21 per dollar, versus its previous close of 68.1077/1278 per dollar.

Powered by Capital Market - Live News

Cholamandalam Investment & Finance Company to consider interim dividend for FY 2017
Jan 20,2017

Cholamandalam Investment & Finance Company announced that the Board at the meeting scheduled on 25 January 2017 will be inter-alia considering payment of an interim dividend for the financial year ending 31 March 2017 on the outstanding equity shares of the Company.

Powered by Capital Market - Live News

Indian Oil Corporation to consider declaration of interim dividend
Jan 20,2017

Indian Oil Corporation announced that Board of the Company may consider declaration of Interim Dividend for the financial year 2016-17 in its Board Meeting scheduled on 31 January 2017.

Powered by Capital Market - Live News

Board of Indiabulls Housing Finance declares interim dividend
Jan 20,2017

Indiabulls Housing Finance announced that the Board of Directors of the Company at its meeting held on 20 January 2017, has declared an Interim Dividend of INR 9/- per equity share (on the face value of INR 2 per share) for the financial year 2016-2017. The dividend will be paid on or before 18 February 2017.

Powered by Capital Market - Live News

Board of Rane Brake Lining declares interim dividend
Jan 20,2017

Rane Brake Lining announced that the Board of Directors of the Company at its meeting held on 20 January 2017, inter alia, declared an interim dividend of Rs. 6/- per equity share on the paid-up capital of 79,14,980 equity shares of Rs. 10/- each.

Powered by Capital Market - Live News

Rane Brake Lining fixes record date for interim dividend
Jan 20,2017

Rane Brake Lining announced that 02 February 2017 has been fixed as the Record Date for the purpose of payment of interim dividend. The interim dividend will be paid / dispatched to the eligible shareholders on 09 February 2017.

Powered by Capital Market - Live News

Indiabulls Housing Finance fixes record date for interim dividend
Jan 20,2017

Indiabulls Housing Finance has fixed 11 February 2017 as the Record Date for the purpose of Payment of Interim Dividend. The dividend will be paid on or before 18 February 2017.

Powered by Capital Market - Live News