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

Hindustan Hardy Spicer to announce December quarter results
Jan 10,2017

Hindustan Hardy Spicer announced that the Meeting of the Board of Directors of the Company is being convened on 30 January 2017 to interalia approve the Unaudited Financial Results for the Quarter ended 31 December 2016.

Powered by Capital Market - Live News

Board of Steelcast to consider December quarter results
Jan 10,2017

Steelcast announced that the meeting of the Board of Directors of the Company is scheduled to be held on 24 January 2017, inter alia, to consider and approve the following items:

- Unaudited Financial Results for the quarter ended 31 December 2016.

Powered by Capital Market - Live News

IL&FS Investment Managers to announce December quarter results
Jan 10,2017

IL&FS Investment Managers announced that the Board Meeting of the Company to consider, inter alia, the Unaudited Financial Results of the Company for the quarter ended 31 December 2016 will be held on 13 February 2017.

Powered by Capital Market - Live News

Board of Zuari Agro Chemicals to consider December quarter results
Jan 10,2017

Zuari Agro Chemicals announced that the Board of Directors of the Company will be meeting on 27 January 2017, inter alia, to consider and approve the unaudited financial results (Provisional) for the quarter ended 31 December 2016.

Powered by Capital Market - Live News

Board of ABB India to consider FY 2016 results and dividend
Jan 10,2017

ABB India announced that a meeting of Board of Directors of the Company will be held on 09 February 2017, inter alia, to consider the Annual Audited Accounts for the financial year ended 31 December 2016, and recommendation of dividend, if any.

The Board will also take on record the audited financial results of the Company for the 4th Quarter ended 31 December 2016.

Powered by Capital Market - Live News

MPIL Corporation postpones board meeting to consider Q3 and 9M results
Jan 10,2017

MPIL Corporation announced that the Board Meeting of the Company was scheduled on 11 January 2017 for approval of unaudited financial results for the quarter and nine months ended 31 December 2016. However the said Board meeting was postponed due to non-availability of minimum number of Independent Directors of the Company.

The new date for the Board Meeting will be informed in due course

Powered by Capital Market - Live News

Board of Apollo Hospitals Enterprise to consider Q3 results
Jan 10,2017

Apollo Hospitals Enterprise announced that a Meeting of the Board of Directors is scheduled to be held on 14 February 2017, inter alia, to consider approve and take on record, unaudited financial results of the Company for the quarter and nine months ended 31 December 2016 (Q3) along with the limited review report of the auditors for the corresponding period.

Powered by Capital Market - Live News

Board of Gagan Polycot India to consider merger with Gagann Polyplast
Jan 10,2017

Gagan Polycot India announced that a meeting of the Board of Directors of the Company will be held on 20 January 2017, inter alia, to consider and approve the following:

- Merger with the Company named Gagann Polyplast.

Powered by Capital Market - Live News

Spenta International to announce December quarter results
Jan 10,2017

Spenta International announced that the meeting of Board of Directors of the Company will be held on 09 February 2017, inter alia, to transact the following business:

- To approve Un-Audited Financial Results along with Limited Review Report for the quarter ended on 31 December 2016.

Powered by Capital Market - Live News

Board of ICICI Prudential Life Insurance Company to approve Q3 results
Jan 10,2017

ICICI Prudential Life Insurance Company announced that a Meeting of the Board of Directors of the Company is scheduled to be held on 24 January 2017 to consider the audited accounts for the quarter and nine months period ended 31 December 2016.

Powered by Capital Market - Live News

Board of Kopran to consider Q3 results
Jan 10,2017

Kopran announced that a Meeting of the Board of Directors of the Company will be held on 07 February 2017, inter alia, to consider and approve Unaudited Standalone and Consolidated Financial Results of the Company for the Third Quarter ended on 31 December 2016.

Powered by Capital Market - Live News

Yash Trading & Finance to hold board meeting for December quarter results
Jan 10,2017

Yash Trading & Finance announced that a meeting of the Board of Directors of the Company will be held on 20 January 2017, inter alia to consider and approve the Un-audited financial results along with Limited Review Report of the Company for the quarter ended 31 December 2016.

Powered by Capital Market - Live News

Board of Geefcee Finance to consider December quarter results
Jan 10,2017

Geefcee Finance announced that a meeting of the Board of Directors of the Company will be held on 31 January 2017 to consider inter alia, Quarterly Financial Results of the company for the Quarter ended 31 December 2016.

Powered by Capital Market - Live News

Mahanivesh (India) to announce December quarter results
Jan 10,2017

Mahanivesh (India) announced that a meeting of the Board of Directors of the Company will be held on 31 January 2017 to consider, inter alia, Quarterly Financial Results of the company for the Quarter ended 31 December 2016.

Powered by Capital Market - Live News

Gujarat Hotels to hold board meeting for Q3 results
Jan 10,2017

Gujarat Hotels that a Meeting of the Board of Directors of the Company has been convened for 23 January 2017, inter alia, to consider and approve the Unaudited Financial Results of the Company for the Third Quarter ended 31 December 2016.

Powered by Capital Market - Live News