My Application Form Status

Check the status of your application form with Angel Broking.
  • Companies
  • Everything else
Search
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

Talwalkars Better Value Fitness approves Scheme of Arrangement
Nov 24,2016

The board of Talwalkars Better Value Fitness on 24th November 2016 has approved the Scheme of Arrangement between Talwalkars Better Value Fitness and Talwalkers Lifestyles Limited and their respective shareholders providing for the demerger of the Gym business of TBVFL to TLL.

Powered by Capital Market - Live News

Krishna Ventures company secretary resigns
Nov 24,2016

Krishna Ventures has announced that Ms. Krishna Parekh the Company Secretary and Compliance Officer of the Company has resigned from her position on 23rd November 2016.

Powered by Capital Market - Live News

Board of Sword-Edge Commercials consider change in registered office
Nov 24,2016

Sword-Edge Commercials announced that the Board of Directors of the Company at its meeting held on 24 November 2016 has considered change in registered office to Plot No. 71, MIDC, Cross Road C, Opposite Seepz Gate No.2, Andheri East, Mumbai - 400093 with immediate effect.

Powered by Capital Market - Live News

Indo Tech Transformers gets ratings reaffirmed
Nov 24,2016

Fitch India Ratings and Research has affirmed IND BBB-/Stable for the long-term issuer rating of Indo Tech Transformers. The agency has also affirmed the Long-term IND BBB- rating with a Stable Outlook and Short-term IND A3 rating.

Powered by Capital Market - Live News

Virgo Global Media to hold AGM
Nov 24,2016

Virgo Global Media has announced that the Annual General Meeting of the Company will be held on 16 December 2016.

Powered by Capital Market - Live News

FPIs step up selling
Nov 24,2016

Foreign portfolio investors (FPIs) sold stocks worth a net Rs 1094.93 crore into the secondary equity markets on 23 November 2016, higher than their net outflow of Rs 674.60 crore during the preceding trading session on 22 November 2016. The net outflow of Rs 1094.93 crore on 23 November 2016 was a result of gross purchases of Rs 4235.29 crore and gross sales of Rs 5330.22 crore. On that day, the Sensex rose 91.03 points or 0.35% to settle at 26,051.81, its highest closing level since 18 November 2016.

There was a net outflow of Rs 0.17 crore into the category primary markets & others on 23 November 2016, which was a result of gross purchases of Rs 0.33 crore and gross sales of Rs 0.50 crore.

FPIs have sold stocks worth a net Rs 15611.13 crore into the secondary equity markets in this month so far (till 23 November 2016). They sold shares worth a net Rs 5258.22 crore from the secondary equity markets last month. FPIs have purchased shares worth a net Rs 25559.92 crore from the secondary equity markets in calendar year 2016 so far (till 23 November 2016). They sold shares worth a net Rs 4863.71 crore into the secondary equity markets in calendar year 2015.

There has been a net inflow of Rs 1886.07 crore from FPIs into the category primary markets & others in this month so far (till 23 November 2016). There was a net inflow of Rs 951.96 crore from FPIs into the category primary markets & others last month. The net inflow from FPIs into category primary markets & others has totaled Rs 7701.74 crore in calendar year 2016 so far (till 23 November 2016). There was net inflow of Rs 22168.40 crore from FPIs into the category primary markets & others in calendar year 2015.

Powered by Capital Market - Live News

Board of Talwalkars Better Value Fitness approves scheme of arrangement
Nov 24,2016

The Board of Directors of Talwalkars Better Value Fitness at its meeting held on 24 November 2016 approved scheme of arrangement between Talwalkars Better Value Fitness (Demerged Company) and Talwalkars Lifestyles (Resulting Company) and their respective shareholders providing for the demerger of Gym Business of Talwalkars Better Value Fitness to Talwalkars Lifestyles.

Powered by Capital Market - Live News

Yes Bank allots equity shares
Nov 24,2016

Yes Bank has allotted 96,375 equity shares of face value of Rs 10 each on November 24, 2016 under the JESOP IV, JESOP V, PESOP I and PESOP II - 2010.

Powered by Capital Market - Live News

Indusind Bank allots equity shares
Nov 24,2016

Indusind Bank has allotted 62,980 equity shares of Rs 10 each on 24 November 2016 to those grantees who had exercised their option under the Companys Employee Stock Option Scheme.

Powered by Capital Market - Live News

State Trading Corporation of India suspends CMD
Nov 24,2016

State Trading Corporation of India vide communication received from the Department of Commerce, Ministry of Commerce & Industry has suspended Khaleel Rahim the CMD of the Company w.e.f. 18th November 2016.

Powered by Capital Market - Live News

Accelya Kale Solutions wins top honors at ITSMA 2016 Marketing Excellence Awards
Nov 24,2016

Accelya Kale Solutions has received top honors at ITSMA 2016 Marketing Excellence Awards for its REVERA strategic Product Group Program. ITSMA (Information Technology Services Marketing Association) announced the awards during its 23rd Annual Conference in Cambridge, Massachusetts.

Powered by Capital Market - Live News

Aeronautical Services Tariffs and Airport Charges at Major Airports Reviewed and Revised From Time To Time
Nov 24,2016

The Government of India has established Airports Economic Regulatory Authority (AERA) in 2009 under an Act of Parliament viz. AERA Act, 2008 to determine the tariffs in respect of aeronautical services provided at major airports in the country. AERA determines the aeronautical tariff in respect of major airports based on stakeholder consultation. The tariffs are reviewed and revised by AERA every five years considering the investment and expenditure incurred by the airport operator, improving efficiency and viability of the airport with a view to rationalize the charges.

The airport charges are allowed to airports operators as mean to provide fair rate of return on the investment made by the airport developer. Since huge investments are made by the developers while construction of the airport, the charges are comparatively higher during the initial period of the airport commencement. However, the charges gets substantially reduced once the investment for the development is recovered.

The airport charges at Delhi airport is comparatively lower than several other similarly placed airports across the globe. Besides, AERA has already notified the airport charges for Delhi airport for 2nd Control Period wherein the charges have been substantially reduced.

Powered by Capital Market - Live News

HCL Technologies recognised as Leader for Worldwide IoT consulting and systems integration services
Nov 24,2016

HCL Technologies announced that its business unit dedicated for IoT services, IoT WoRKSTM by HCL, has been named a leader by IDC MarketScape in its report n++IDC MarketScape: Worldwide Internet of Things Consulting and Systems Integration Services 2016 Vendor Assessmentn++ (doc #US41880716, November 2016).

IoT WoRKSTM by HCL is the front runner in the field of IoT, enabling organizations to leverage best-in-class IoT solutions for maximizing returns from their asset investments and creating entirely new services that deliver measurable business outcomes. HCL offers end-to-end IoT services for organizations across the three phases - Define, Build & Run, to help design enterprise IoT programs, develop and implement IoT systems for realizing business value.

Powered by Capital Market - Live News

Sword-Edge Commercials to shift registered office
Nov 24,2016

The board of Sword-Edge Commercials on 24th November 2016 has approved to shift the registered office from Sh-114, Rolex Shopping Centre, B 825 829 B Gore Marg Stn Road, Goregaon West, Mumbai to Plot No.71, MIDC, Cross Road, C, Opposite SEEPZ Gate No. 2, Andheri (East), Mumbai - 400093 with immediate effect.

Powered by Capital Market - Live News

NIIT Technologies wins Award for Innovation in Outsourcing
Nov 24,2016

NIIT Technologies announced that the Company has been conferred an Award for Innovation in Outsourcing from Global Sourcing Association. The award recognises NIIT Technologies platform FinGenie providing finance and accounting transformation solution for enterprises.

Powered by Capital Market - Live News