My Application Form Status

Check the status of your application form with 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 Inditalia Refcon to discuss revocation of suspension of trading on BSE
Jan 14,2017

Inditalia Refcon announced that the Board Meeting of the Company for discussion of the terms for revocation of suspension of Inditalia Refcon from trading on BSE shall be held on 16 January 2017.

Powered by Capital Market - Live News

G G Dandekar Machine Works to announce December quarter results
Jan 14,2017

G G Dandekar Machine Works announced that a meeting of the Board of Directors of the Company will be held on 27 January 2017, inter alia, to consider and take on record, Un-Audited Financial Results for the quarter ended on 31 December 2016.

Powered by Capital Market - Live News

Bajaj Finance allots NCDs aggregating Rs 77 crore
Jan 14,2017

Bajaj Finance has allotted 770 secured redeemable non-convertible debentures of Rs 10 lakh each aggregating Rs 77 crore on private placement basis on 13 January 2017.

Powered by Capital Market - Live News

Bombay Burmah Trading Corporation announces resignation of director
Jan 14,2017

Bombay Burmah Trading Corporation announced that Dr. Sheela Bhide, Non- Executive Independent Director of the Corporation has, vide her letter dated 31 December 2016, resigned as Director with immediate effect, on account of her other work commitments.

Powered by Capital Market - Live News

A.K.Capital Services invests Rs 49.94 lakh in Singapore subsidiary
Jan 14,2017

A.K.Capital Services announced that the Company has applied for 90,892 Equity Shares of A. K. Capital (Singapore), a Wholly Owned Subsidiary (WOS) of the Company and for the said purpose the Company has remitted an amount of Rs. 49,93,197.47/- (Conversion at Rs.47.77 per SGD) i.e. equivalent to SGD 1,04,525.80 @ of SGD 1.15/-per Equity Share on 12 January 2017 in order to fund the foreign corporate activities of the said WOS.

Powered by Capital Market - Live News

Jaiprakash Associates announces appointment of nominee director
Jan 14,2017

Jaiprakash Associates announced that the Company has received a communication on 13 January 2017 from State Bank of India revising the effective date of appointment of Shailesh Verma as its Nominee Director on the Board of the Company from 07 December 2016 to 26 December 2016, as Shailesh Verma did not have the DIN as on 07 December 2016 as required under the Companies Act, 2013.

Accordingly, Shailesh Verma is nominated by State Bank of India as Director on Board of the Company w.e.f. 26 December 2016.

Powered by Capital Market - Live News

Yes Bank gets reaffirmation of long term rating
Jan 14,2017

Yes Bank announced that Moodys Investor Service has reaffirmed its Long Term Rating on Yes Bank at Baa3 / P-3 with Stable outlook (unchanged). Moodys has consistently maintained a rating of Baa3/ P-3 with Stable outlook since it initiated coverage on Yes Bank in November 2010.

Powered by Capital Market - Live News

Coal India announces revision in prices of coking coal by Bharat Coking Coal (subsidiary)
Jan 14,2017

The Board of Directors of Bharat Coking Coal, a subsidiary of Coal India has approved revision of coking coal prices with effect from 13 January 2017 approximately 20% increase over the current price while the price of steel grade coal and direct feed coal has been linked to price of washed coking coal which has been fixed on import parity price. The increase has been done by subsuming the washery recovery charge (WRC) which was being charged separately, keeping in view the observation of ADRM. Due to this revision, Coal India will earn approximately additional revenue of Rs 702 crore for the balance period of financial year 2016-17 i.e from 13 January 2017 to 31 March 2017 and additional revenue of Rs 2986 crore for financial year 2017-18 on achieving the targeted production and dispatch programme.

Powered by Capital Market - Live News

Cholamandalam Investment & Finance Company allots 532 equity shares
Jan 14,2017

Cholamandalam Investment & Finance Company announced that the Nomination and Remuneration Committee has approved an allotment of 532 equity shares of Rs. 10/- each to the option grantee who has exercised his option.

The Company will be applying for the final listing of the above shares on NSE and BSE to complete the rest of the issue formalities.

Powered by Capital Market - Live News

Bank of Baroda announces change in directorate
Jan 14,2017

Bank of Baroda announced the appointment of Ajay Kumar as Director vice Surekha Marandi (Existing Director on the Board of the Bank of Baroda representing Reserve Bank of India) with immediate effect.

Powered by Capital Market - Live News

Ind-Swift appoints director
Jan 14,2017

Ind-Swift has appointed Subhash Chander Galhotra as an Independent Director of the Company.

Powered by Capital Market - Live News

Rajapalayam Mills gets ratings upgrade
Jan 14,2017

Rajapalayam Mills has received an upgrade in the Long Term Rating from BBB+(Stable) to A-(Stable) and Short Term Rating from A2 to A2+ from CRISIL.

Powered by Capital Market - Live News

IFCI reduces IFCI Benchmark Rate
Jan 14,2017

IFCI has reduced its Benchmark Rate IFCI Benchmark Rate (IBR) from 11.50% p.a. to 10.75% p.a. with monthly rests. This new IBR will be applicable from 15 January 2017.

IFCI has change its Short Term Benchmark Rate (IBR-ST) from 8.60%p.a. to 8.35% p.a. with monthly rests for lending for tenure up to 3 months only with effect from 15 January 2017.

Powered by Capital Market - Live News

NBCC (India) fixes record date for bonus issue
Jan 14,2017

NBCC (India) has fixed 21 February 2017 as the Record Date for the purpose of Issue of ascertaining the eligibility of shareholders for issuance of 1 (One) Bonus Share of Rs. 2/- each on every existing 2 (Two) fully paid-up Equity Shares of Rs. 2/- each, subject to the approval of shareholders through postal ballot.

Powered by Capital Market - Live News

Vijaya Bank announced change in directorate
Jan 14,2017

Vijaya Bank announced that Government of India vide its notification dated 13 January 2017 has informed the Bank that in exercise of the powers conferred by clause (c) of sub-section (3) of section 9 of The Banking Companies (Acquisition & Transfer of Undertakings) Act, 1970/1980 read with sub clause (1) of clause 3 of The Nationalized Banks (Management & Miscellaneous Provisions) Scheme 1970/1980, the Central Government, has nominated G P Borah, CGM Mumbai RO, Reserve Bank of India in place of Suma Varma as Director of the Bank with immediate effect and until further orders.

Powered by Capital Market - Live News