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

Adani Power allots 2,86,63,339 equity shares
Mar 10,2017

Adani Power has allotted 2,86,63,339 equity shares of Rs. 10/- each on 10 March 2017 upon partial conversion of the Convertible Warrants to Promoter group entities .

Subsequently, the paid up equity share capital has increased to 3761.52 crore comprising of 3,76,15,27,024 equity shares of Rs 10 each. The shareholding of Promoter and Promoter group entities has increased to 67.319% of the enhanced paid up equity share capital of the Company.

Powered by Capital Market - Live News

MEP Infrastructure Developers achieves financial closure for a road project in Gujarat
Mar 10,2017

MEP Infrastructure Developers announced that MEP SANJOSE Talaja Mahuva Road -Subsidiary Company of the Company, has achieved financial closure as per the Concession Agreement executed with the NHAI dated 08 July 2016 for the project of Four Laning of TALAJA-MAHUVA Section in State of Gujarat on Hybrid Annuity Mode under NHDP Phase IV by tying up of Project finance of Rs.289.37 crore.

The Bid project cost is 643.05 crore out of which Project finance will contribute Rs. 289.37 crore and remaining will be funded by grant from NHAI and equity contribution of Subsidiary Company.

Key highlights of Project are -
(1)Construction Period:2.5 years from the Appointed Date
(2)Concession Period:15yrs(excluding Construction Period of 2.5 yrs)
(3)The Company will receive Bi-Annual Annuity from NHAI post Commercial Operation Date (COD).

The Company has now achieved financial closure of Five of its HAM Projects which are awarded by the Authority and successfully tied up total project finance of Rs.1454.54 crore towards all Five HAM Projects.

Powered by Capital Market - Live News

FPIs step up buying
Mar 10,2017

Foreign portfolio investors (FPIs) bought stocks worth a net Rs 3637.34 crore from the secondary equity markets on Wednesday, 8 March 2017, much higher compared with net inflow of Rs 1017.25 crore on Tuesday, 7 March 2017. On that day, the Sensex fell 97.62 points or 0.34% to settle at 28,901.94, its lowest closing level since 3 March 2017.

The net inflow of Rs 3637.34 crore on 8 March 2017 was a result of gross purchases of Rs 7521.29 crore and gross sales of Rs 3883.95 crore.

There was an outflow of Rs 64.61 crore from the category primary market & others on 8 March 2017, which was a result of gross purchases of Rs 6.17 crore and gross sales of Rs 70.78 crore.

FPIs bought stocks worth a net Rs 8786.43 crore in March 2017 so far (till 8 March 2017). They had purchased stocks worth a net Rs 8322.23 crore in February 2017. FPIs have purchased shares worth a net Rs 15793.53 crore from the secondary equity markets in calendar year 2017 so far (till 8 March 2017). They had purchased shares worth a net Rs 12094.42 crore from the secondary equity markets in calendar year 2016.

There was a net outflow of Rs 1095.07 crore from FPIs from the category primary market & others in March 2017 so far (till 8 March 2017). FPIs bought stocks worth a net Rs 1579.95 crore from the category primary market & others in February 2017. FPIs have purchased shares worth a net Rs 623.41 crore from the category primary markets & others in calendar year 2017 so far (till 8 March 2017). The net inflow from FPIs in the category primary markets & others had totaled Rs 8471.76 crore in calendar year 2016.

Powered by Capital Market - Live News

Tayo Rolls to hold board meeting
Mar 10,2017

Tayo Rolls will hold a meeting of the Board of Directors of the Company on 17 February 2017.

Powered by Capital Market - Live News

Intrasoft Technologies to hold board meeting
Mar 10,2017

Intrasoft Technologies will hold a meeting of the Board of Directors of the Company on 18 March 2017, to consider re-appointment of Managing Director, and reappointment of Whole-time Director

Powered by Capital Market - Live News

Rane Engine Valve to hold board meeting
Mar 10,2017

Rane Engine Valve will hold a meeting of the Board of Directors of the Company on 18 May 2017, to consider and approve the Audited Financial Results for the quarter and year ending 31 March 2017

Powered by Capital Market - Live News

State Bank of India to hold board meeting
Mar 10,2017

State Bank of India will hold a meeting of the Board of Directors of the Company on 15 March 2017, to decide raising of funds through equity capital

Powered by Capital Market - Live News

Rane Holdings to hold board meeting
Mar 10,2017

Rane Holdings will hold a meeting of the Board of Directors of the Company on 26 May 2017, to consider and approve the Audited Financial Results (Standalone & Consolidated) for the quarter and year ending 31 March 2017.

Powered by Capital Market - Live News

Sakthi Finance to hold board meeting
Mar 10,2017

Sakthi Finance will hold a meeting of the Board of Directors of the Company on 16 March 2017, to consider declaration of Interim Dividend on Preference Shares (Unlisted)

Powered by Capital Market - Live News

Rane Brake Lining to hold board meeting
Mar 10,2017

Rane Brake Lining will hold a meeting of the Board of Directors of the Company on 17 May 2017, to consider and approve the Audited Financial Results for the quarter and year ending 31 March 2017.

Powered by Capital Market - Live News

Rane (Madras) to hold board meeting
Mar 10,2017

Rane (Madras) will hold a meeting of the Board of Directors of the Company on 16 May 2017, to consider and approve the Audited Financial Results (Standalone & Consolidated) for the quarter and year ending 31 March 2017.

Powered by Capital Market - Live News

Kirloskar Ferrous Industries shelves plan to acquire pig iron plant of VSL Steels
Mar 10,2017

The announcement was made after market hours yesterday, 9 March 2017.

Meanwhile, the S&P BSE Sensex was down 45.57 points, or 0.16% to 28,883.56

On BSE, 57,000 shares were traded in the counter as against average daily volume of 1.13 lakh shares over the past one quarter. The stock hit a high of Rs 88.25 and a low of Rs 85.10 so far during the day. The stock had hit a 52-week high of Rs 94.70 on 17 October 2016. The stock had hit a 52-week low of Rs 41.50 on 29 March 2016.

The small-cap company has an equity capital of Rs 68.65 crore. Face value per share is Rs 5.

The board of directors of Kirloskar Ferrous Industries at its meeting held on 28 July 2016 had granted its in-principle approval for acquisition of movable and immovable assets relating to the pig iron plant of VSL Steels for a cash consideration of Rs 155 crore. However, on account of certain ongoing disputes between VSL Steels and one of its related parties, the proposed transaction has not been completed till date. Consequently, in view of the unaccounted delays caused by the pending disputes, the board of directors of the company at its meeting held yesterday, 9 March 2017 has resolved to not to proceed with the proposed transaction.

Kirloskar Ferrous Industries net profit rose 41.54% to Rs 17.07 crore on 16.3% decline in net sales to Rs 224.13 crore in Q3 December 2016 over Q3 December 2015.

Kirloskar Ferrous Industries principal activity is to manufacture and supply iron castings.

Powered by Capital Market - Live News

Kirloskar Ferrous Industries rises after shelving plan to acquire pig iron plant of VSL Steels
Mar 10,2017

The announcement was made after market hours yesterday, 9 March 2017.

Meanwhile, the S&P BSE Sensex was down 45.57 points, or 0.16% to 28,883.56

On BSE, 57,000 shares were traded in the counter as against average daily volume of 1.13 lakh shares over the past one quarter. The stock hit a high of Rs 88.25 and a low of Rs 85.10 so far during the day. The stock had hit a 52-week high of Rs 94.70 on 17 October 2016. The stock had hit a 52-week low of Rs 41.50 on 29 March 2016.

The small-cap company has an equity capital of Rs 68.65 crore. Face value per share is Rs 5.

The board of directors of Kirloskar Ferrous Industries at its meeting held on 28 July 2016 had granted its in-principle approval for acquisition of movable and immovable assets relating to the pig iron plant of VSL Steels for a cash consideration of Rs 155 crore. However, on account of certain ongoing disputes between VSL Steels and one of its related parties, the proposed transaction has not been completed till date. Consequently, in view of the unaccounted delays caused by the pending disputes, the board of directors of the company at its meeting held yesterday, 9 March 2017 has resolved to not to proceed with the proposed transaction.

Kirloskar Ferrous Industries net profit rose 41.54% to Rs 17.07 crore on 16.3% decline in net sales to Rs 224.13 crore in Q3 December 2016 over Q3 December 2015.

Kirloskar Ferrous Industries principal activity is to manufacture and supply iron castings.

Powered by Capital Market - Live News

Prakash Industries executes Fuel Supply Agreement with Coal India
Mar 10,2017

Prakash Industries has executed Fuel Supply Agreement with Coal India in respect of coal linkages of 0.65 million tonnes per annum granted to the Company for its Sponge Iron operations for a period of 5 years. The coal supplies under the linkage has commenced from the current month itself. More use of high grade coal will lead to enhancement of Sponge Iron production by around 20%.

Powered by Capital Market - Live News

Alembic Pharmaceuticals Bioequivalence facility at Baroda successfully inspected
Mar 10,2017

Alembic Pharmaceuticals announced that the Companys Bioequivalence facility located at Baroda was inspected by US Food & Drug Administration (FDA) from 6 March 2017 to 10 March 2017. There were no 483s issued by US FDA at the end of the inspection.

Powered by Capital Market - Live News