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

NBCC (India) allots 30 crore equity shares
Mar 03,2017

NBCC (India) announced that 30 crore equity shares were allotted under bonus issue on 22 February 2017. Pursuant to the allotment of bonus shares, the paid up share capital of the Company has increased to Rs 180 crore dividend into 90 crore equity shares of Rs 2 each.

Powered by Capital Market - Live News

Shree Cement secures coal linkage for its Raipur plant
Mar 03,2017

Shree Cement announced that the Company participated in the auction for coal linkage from South Eastern Coalfields (a subsidiary of Coal India) for cement sector and has secured coal linkage of 60000 ton per annum at notified price of Rs 970 per ton from New Kusmunda. The coal linkage is for the Companys cement plant at Raipur, Chhattisgarh.

Powered by Capital Market - Live News

ICICI Bank allots 104,596 equity shares
Mar 03,2017

ICICI Bank has allotted 104,596 equity shares of face value of Rs.2/- each on 02 March 2017 under the Employees Stock Option Scheme, 2000 (ESOS).

Powered by Capital Market - Live News

India Tourism Development Corporation announces cessation of nominee director
Mar 03,2017

India Tourism Development Corporation announced that Sanjeev Ranjan, IAS ceases to be part time Government Nominee Director on the Board of the Company with effect from 03 March 2017.

Powered by Capital Market - Live News

Cholamandalam Investment & Finance Company allots 11,672 equity shares
Mar 03,2017

Cholamandalam Investment & Finance Company announced that the Nomination and Remuneration Committee has approved an allotment of 11,672 equity shares of Rs.10/- each to the option grantees who have exercised their options.

Powered by Capital Market - Live News

Safari Industries (India) announces resignation of director
Mar 03,2017

Safari Industries (India) announced that Hetal Gandhi, Director of the Company has tendered his resignation as Non-Executive Non-Independent Director of the Company with immediate effect.

Powered by Capital Market - Live News

Yes Bank wins Best Social Bank award
Mar 03,2017

Yes Bank has been recognised as the Best Social Bank (in mid-sized bank category) during the ASSOCHAM 12th Annual Banking Summit cum Social Banking Excellence Awards.

Powered by Capital Market - Live News

DLF allots 9498 equity shares
Mar 03,2017

DLF has allotted 9498 equity shares under ESOP on 03 March 2017.

Powered by Capital Market - Live News

Godrej Properties allots 707 equity shares
Mar 03,2017

Godrej Properties announced that the Allotment Committee of the Board of Directors of the Company has at its meeting held on 03 March 2017 allotted 707 Equity Shares of Rs.5/- per Equity Share to the option grantees in terms of the GPL ESGS. Consequently, with effect from March 03, 2017, the issued, subscribed and paid up capital of the Company stands increased to Rs.1,08,18,23,460/-consisting of 21,63,64,692 equity shares of Rs. 5/- each.

Powered by Capital Market - Live News

Vardhman Industries announces change in directorate
Mar 03,2017

Vardhman Industries announced that Ashwani Kumar, an independent director, has tendered his resignation from the directorship of the Board of the Company vide his letter dated 02 March 2017 with immediate effect. Further, Ajay Singh has been appointed as an Additional Director of the Company with effect from 02 March 2017 by the Board of Directors in their meeting held on 02 March 2017. He will be an independent director.

Powered by Capital Market - Live News

Spice Mobility transfers stake in subsidiary - S Mobility
Mar 03,2017

Spice Mobility announced that the Company has executed the Share Purchase Agreement with S GIC (SGIC), a step down subsidiary of the Company, to transfer the entire stake in S Mobility, a wholly owned subsidiary of the Company. Consequent to this S Mobility has ceased to be a wholly owned subsidiary of the Company and become a step down subsidiary.

Powered by Capital Market - Live News

RBL Bank allots 163,248 equity shares
Mar 03,2017

RBL Bank has allotted 163,248 (One Lac Sixty Three Thousand Two Hundred & Forty Eight) equity shares of face value Rs. 10 each on March 3, 2017 under the ESOP Schemes of the Bank. Consequent to the above allotment, the paid up share capital of the Bank has increased from 374,435,068 equity shares of Rs. 10 each aggregating Rs. 3,744,350,680 to 374,598,316 equity shares of Rs. 10 each aggregating Rs. 3,745,983,160.

Powered by Capital Market - Live News

K.P. Energy provides business update
Mar 03,2017

K.P. Energy announced that Company has formed LLP(S) in name of MANAR POWER INFRA LLP and MIYANI POWER INFRA LLP as Project specific special purpose vehicles (SPV), agreement of LLP has been approved on 03 March 2017 by the Registrar of Companies, Gujarat.

Powered by Capital Market - Live News

Board of Avance Technologies approves consolidation of equity shares
Mar 03,2017

Avance Technologies announced that the Board of Directors of the Company at its meeting held on 03 March 2017 inter alia considered and approved consolidation of Equity Share Capital of the Company from Re. 1/- to Rs. 10/- each subject to approval of the Members through Postal Ballot.

Powered by Capital Market - Live News

Housing Development Finance Corporation to pay interim dividend
Mar 03,2017

Housing Development Finance Corporation will pay interim dividend from 20 March 2017.

Powered by Capital Market - Live News