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 Layla Textile and Traders approves sub-division of shares
Mar 29,2017

The Board of Directors of Layla Textile and Traders at its meeting held on 29 March 2017, has approved:

1. Sub- division of equity shares every shareholders holding 1 (One) equity share of Rs.10/- each will be allotted 10 (Ten) equity share of Re.1/- each (Subject to shareholders approval).

2. Appointment of Mukesh Bajpai and Simranpreet Bajpai as an Additional Independent Director of the Company w.e.f. 29 March 2017 to hold office upto the date of the next General Meeting of the Company.

3. To re-designated Ashish Rajeshbhai Patel as Executive Director of the Company subject to shareholders approval.

4. To form a Committee of Board of Director for approval of Notice to be issued to be issued to the Shareholders of the Company for the above mentioned purpose.

Powered by Capital Market - Live News

Outcome of board meeting of Excel Industries
Mar 29,2017

Excel Industries announced that the Board of Directors of the company at its meeting held on 29 March 2017 has approved sale/transfer of the Environment & Biotech Division (ENBT) of the Company to its wholly owned subsidiary Company viz. Excel Bio Resources (EBRL) as a going concern on as is where is basis by way of slump sale and the Company will make necessary equity investment not exceeding Rs.10 crore in EBRL.

Powered by Capital Market - Live News

Board of Shri Kalyan Holdings approves change in company secretary and compliance officer
Mar 29,2017

Shri Kalyan Holdings announced that the Board of Directors of the Company at its meeting held on 29 March 2017, inter alia transacted the following businesses:

1.Took on record resignation of Komal Gandhi from the post of Company Secretary and Compliance Officer of the Company w.e.f. 21 March 2017.

2.Appointed Nandani Patidar as Company Secretary and Compliance Officer of the Company w.e.f. 29 March 2017.

Powered by Capital Market - Live News

Board of Fiberweb (India) approves allotment of shares on conversion of warrants
Mar 29,2017

Fiberweb (India) announced that the Board of Directors of the Company at its meeting held on 29 March 2017 approved allotment of 7 lakh equity shares on Conversion of Convertible Equity Warrants issued by the Company on preferential basis to group of Strategic Investors, not forming part of the Promoter Group of the Company in terms of SEBI (ICDR) Regulation, 2009.

Powered by Capital Market - Live News

Board of Times Guaranty approves change in directorate
Mar 29,2017

The Board of Directors of Times Guaranty at its meeting held on 29 March 2017 has approved the change in designation of Anita Malusare from Manager to the Chief Executive Officer (CEO) and Executive Director of the Company.

Powered by Capital Market - Live News

Board of NBCC (India) considers takeover of Hindustan Steelworks Construction
Mar 29,2017

The Board of Directors of NBCC (India) in their meeting held on 29 March 2017 discussed the future course of action with respect to the takeover of Hindustan Steel Works Construction as subsidiary company.

The takeover of Hindustan Steel Works Construction is subject to approval of Competition Commission of India for which notice has been filed and the approval is awaited.

Union Cabinet in the meeting held on 25 May 2016 approved the proposal for restructuring of HSCL and subsequently its takeover by NBCC. NBCC will pay Rs 35.70 crore to subscribe to fresh equity share if HSCL constituting 51% of its post issue share capital.

Powered by Capital Market - Live News

China Stocks extend fall on liquidity woes
Mar 29,2017

The Mainland China equity market ended down for third straight session on Wednesday, 29 March 2017, amid concerns about tightening liquidity conditions after the central bank refrained from injecting short-term funds into the banking system for the fourth session in a row. The blue-chip CSI300 index fell 0.1%, to 3,465.19 points, while the Shanghai Composite Index lost 0.4% to 3,241.31 points. The Shenzhen Composite Index extended losses by sliding 0.7% to 2,019 while the ChiNext start-up board index closed down 0.8% to 1,929

Powered by Capital Market - Live News

Australia Shares at near 2-year highs on financials support
Mar 29,2017

Australian equities continued uptrend on Wednesday, 29 March 2017, pushing the benchmark indices to a near two-year high, underpinned by optimism over earnings for the financial sector after the countrys big four banks raised their home loan rates recently. At the close, the benchmark S&P/ASX 200 index finished at 0.9% higher or 52.26 points to 5873.5, its strongest level since mid-April 2015. Rising stocks outnumbered declining ones on the Australia Stock Exchange by 637 to 455 and 351 ended unchanged. The S&P/ASX 200 VIX, which measures the implied volatility of S&P/ASX 200 options, was down 4.26% to 11.748.

Powered by Capital Market - Live News

Board of Ujaas Energy approves disposal of subsidiary - Ujaas Energy HK
Mar 29,2017

The Board of Directors of Ujaas Energy at its meeting on 29 March 2017 has approved disposal of its entire holding in its wholly own subsidiary, Ujaas Energy HK, (Registered in Hongkong).

Powered by Capital Market - Live News

Fag Bearings India to hold AGM
Mar 29,2017

Fag Bearings India announced that the Annual General Meeting (AGM) of the company will be held on 21 April 2017.

Powered by Capital Market - Live News

Rupee keeps momentum going
Mar 29,2017

Rupee closed higher at 64.90/91 per dollar on Wednesday (29 March 2017), versus its previous close of 65.0350/0450 per dollar on Monday.

Powered by Capital Market - Live News

Balasore Alloys to hold board meeting
Mar 29,2017

Balasore Alloys will hold a meeting of the Board of Directors of the Company on 31 March 2017, for allotment of 1,00,00,000 Equity Shares of Rs. 5/- each at price of Rs. 21.50/- including premium of Rs. 16.50/- per Equity Shares in lieu of 1,00,00,000 Convertible Warrants to the Promoters on Preferential basis pursuant to the authority given by the shareholders through postal ballot notice on 26th September, 2016.

Powered by Capital Market - Live News

Shilpa Medicare to hold EGM
Mar 29,2017

Shilpa Medicare announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 29 April 2017 .

Powered by Capital Market - Live News

V-Mart Retail attracts buyers after opening new store
Mar 29,2017

The announcement was made during market hours today, 29 March 2017.

Meanwhile, the S&P BSE Sensex was up 69.05 points or 0.23% at 29,478.57. The S&P BSE Small-Cap index was up 30.05 points or 0.21% to 14,183.42.

More than usual volumes were witnessed on the counter. On the BSE, 61,653 shares were traded on the counter so far as against the average daily volumes of 29,745 shares in the past one quarter. The stock had hit a high of Rs 847.30 and a low of Rs 788 so far during the day. The stock had hit a record high of Rs 883.75 on 9 March 2017. The stock had hit a 52-week low of Rs 425 on 24 June 2016.

The small-cap company has equity capital of Rs 18.07 crore. Face value per share is Rs 10.

V-Mart Retail said that the store is a fashion store. With the opening of the store, the tally of stores in Bihar is 5 composite & 26 fashion stores. This takes the total number of stores to 141 stores in 121 cities across 14 states, with 37 composite stores & 104 fashion stores with a total area of around 11.95 lakhs square feet.

V-Mart Retail net profit rose 81.3% to Rs 27.21 crore on 23.2% growth in net sales to Rs 326.49 crore in Q3 December 2016 over Q3 December 2015.

V-Mart Retail is a hypermarket format retail chain based in New Delhi. It is a multi-brand family retail store offering apparels, general merchandise and kirana.

Powered by Capital Market - Live News

Panacea Biotec launches EasySix vaccine
Mar 29,2017

Panacea Biotec announced the launch of Worlds first fully liquid whole cell Pertussis (wP) based Hexavalent Combination Vaccine, EasySix, a vaccine researched, development and manufactured by Panacea Biotec in India.

EasySix is indicated for primary immunization to protect newborn babies against six common preventable diseases viz, Diphtheria, Tetanus, Whooping Cough, Meningitis (due to H. Influenza type b), Hepatitus B and Polio.

Powered by Capital Market - Live News