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

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

State Bank of Mysore fixes record date for merger with State Bank of India
Mar 03,2017

State Bank of Mysore has fixed 17 March 2017 as record date for issue of shares of State Bank of India to eligible shareholders of State Bank of Mysore who are entitled to receive 22 equity shares of face value of Re 1 of State Bank of India for every 10 equity shares of face value of Rs 10 each held by them in State Bank of Mysore pursuant to acquisition of State Bank of Mysore by State Bank of India.

Powered by Capital Market - Live News

Ujjivan Financial Services to allot 94,322 equity shares
Mar 03,2017

Ujjivan Financial Services announced that the Stakeholders Relationship Committee of the Board in its meeting held today on 03 March 2017 has approved the allotment of 94,322 Equity Shares of Rs. 10/- each towards the exercise of vested stock options under various ESOP Schemes of the Company.

Powered by Capital Market - Live News

TCS recognised as Business Superbrand for 3rd consecutive year
Mar 03,2017

Tata Consultancy Services has been awarded the Business Superbrands status for the third year in a row by The Centre for Brand Analysis, following the most recent evaluation of the long running annual survey, which has been identifying the UKs leading business to business brands since 2001.

Powered by Capital Market - Live News

Maruti Suzuki India announces production figures
Mar 03,2017

Maruti Suzuki India achieved production of 137155 units in month of February 2017 compared to 119677 units in February 2016.

Powered by Capital Market - Live News

Gokul Agro Resources announces demise of director
Mar 03,2017

Gokul Agro Resources announced the demise of Mangharam Kotak - Independent Director of the Company on 02 March 2017.

Powered by Capital Market - Live News

Shyam Century Ferrous announces resignation of CFO
Mar 03,2017

Shyam Century Ferrous announced that Sunil Kumar Jha, Chief Financial Officer (CFO) of the Company has resigned from the services of the Company. The Company has accepted his resignation and relieved him from his responsibilities effective close of the business hours of 27 February 2017.

Powered by Capital Market - Live News