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

Aurionpro Solutions to hold board meeting
Feb 07,2017

Aurionpro Solutions will hold a meeting of the Board of Directors of the Company on 13 February 2017, to consider and approve, the Un-audited (Standalone & Consolidated) financial results of the Company for the third quarter Ended 31 December 2016.

Powered by Capital Market - Live News

Prudential Sugar Corporation to hold board meeting
Feb 07,2017

Prudential Sugar Corporation will hold a meeting of the Board of Directors of the Company on 14 February 2017, to consider and take on records the Un-audited financial results for the Third Quarter ended 31 December 2016.

Powered by Capital Market - Live News

Asian Flora to hold board meeting
Feb 07,2017

Asian Flora will hold a meeting of the Board of Directors of the Company on 13 February 2017, to approve the un-audited financial result for the quarter ended 31 December 2016 along with Limited Review Report.

Powered by Capital Market - Live News

Navketan Merchants to hold board meeting
Feb 07,2017

Navketan Merchants will hold a meeting of the Board of Directors of the Company on 13 February 2017, to consider and approve the Unaudited Financial Results of the Company for quarter and nine months ended 31 December 2016.

Powered by Capital Market - Live News

Mysore Petro Chemicals to hold board meeting
Feb 07,2017

Mysore Petro Chemicals will hold a meeting of the Board of Directors of the Company on 14 February 2017, to approve the Unaudited Financial Results for the 3rd quarter ended 31 December 2016.

Powered by Capital Market - Live News

Kanel Industries to hold board meeting
Feb 07,2017

Kanel Industries will hold a meeting of the Board of Directors of the Company on 14 February 2017, to approve the unaudited Financial Results for the Quarter and Nine months ended 31 December 2016.

Powered by Capital Market - Live News

Board of Bharat Heavy Electricals recommends dividend
Feb 07,2017

Bharat Heavy Electricals announced that the Board of Directors of the Company at its meeting held on 7 February 2017, inter alia, have recommended the dividend of Rs 0.8 per equity Share (i.e. 40%) , subject to the approval of the shareholders.

Powered by Capital Market - Live News

Mideast (India)(liquidated) to hold board meeting
Feb 07,2017

Mideast (India)(liquidated) will hold a meeting of the Board of Directors of the Company on 14 February 2017, to approve the unaudited Standalone financial results for the third quarter and nine months ended 31 December 2016.

Powered by Capital Market - Live News

Jenson & Nicholson (India) to hold board meeting
Feb 07,2017

Jenson & Nicholson (India) will hold a meeting of the Board of Directors of the Company on 14 February 2017, to consider and approve Standalone Unaudited financial results of the Company for the quarter ended 31 December 2016.

Powered by Capital Market - Live News

SVA India to hold board meeting
Feb 07,2017

SVA India will hold a meeting of the Board of Directors of the Company on 13 February 2017, to approve the unaudited Financial Results for the Quarter and Nine months ended 31 December 2016.

Powered by Capital Market - Live News

Alkem enters into alliance with Haw Par
Feb 07,2017

Alkem Labs has entered into alliance with Haw Par India, a wholly owned subsidiary of Haw Par Healthcare, Singapore to exclusively market, sell and distribute Tiger Balm range of Products in India. Tiger Balm products will be promoted by Alkem Healthcare, an over the counter division of Alkem.

Powered by Capital Market - Live News

NLC India appoints director
Feb 07,2017

NLC India announced Nalini Padmanabhan has been appointed as a Non-official Independent Director on the Board of Directors of the Company w.e.f. 02 February 2017.

Powered by Capital Market - Live News

SRF commissions BOPET Film plant and Metallizer plant in Indore
Feb 07,2017

SRF announced that the first phase of new greenfield packaging film line project in the Domestic Tariff Area, Pithampur, Indore viz. Bi-axially Oriented Polyethylene Terephthalate (BOPET) Film Plant and Metallizer plant has been commissioned and capitalized at a cost of Rs. 330 crore (approx.) on 07 February 2017.

The second phase comprising of Offline Coating Machine with an estimated cost of Rs. 26 crore is under commissioning.

Powered by Capital Market - Live News

Technofab Engineering receives two new orders worth Rs 220 cr
Feb 07,2017

Technofab Engineering announced that the Company has received two new orders from Power Grid Corporation of India amounting to Rs. 220 crore in the State of Tripura. Both orders are in the Industrial and Rural Electrification Sector and works related to 33/11 KV Sub Stations & associated lines. The order have a timeline of 33 month for completion.

Powered by Capital Market - Live News

Axis Bank to sell 10% stake held in Experian India
Feb 07,2017

Axis Bank has signed an agreement for sale of 1,40,00,000 equity shares (10% of total outstanding shares) of face value of Rs. 10 per share of Experian Credit Information Company of India (Experian India or the n++Entityn++) at Rs.45.7 per share, resulting in a total cash consideration of Rs. 64.00 crore (n++Transaction). The above Transaction is subject to requisite regulatory approvals, including from Reserve Bank of India.

Powered by Capital Market - Live News