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

Sir Shadi Lal Enterprises announces change in CFO
Apr 07,2017

Sir Shadi Lal Enterprises announced that P K Goyal has ceased to be Chief Financial Officer of the Company due to his resignation, effective from dated 31 March, 2017. Further, Rajendra Khanna, has assumed his charge as Chief Financial Officer of the Company.

Powered by Capital Market - Live News

Deccan Gold Mines allots 949,700 equity shares
Apr 07,2017

Deccan Gold Mines has allotted 949,700 fully paid equity shares of Re.1/- each on conversion of employee stock options under Deccan Gold Mines Limited Employee Stock Option Scheme, 2014 (& amended 2016). Consequent to the above allotment, the paid-up equity share capital of the Company has increased from Rs.90,677,375/- consisting of 90,677,375 equity shares of Re.1/- each to Rs. 91,62,7075/- consisting of 91,627,075 equity shares of Re.1/- each

Powered by Capital Market - Live News

Kabra Drugs announces resignation of director
Apr 07,2017

Kabra Drugs announced that Rajendra Bordia, Independent Director of the Company has resigned from the Board with effect from 07 April, 2017.

Powered by Capital Market - Live News

Board of Larsen & Toubro approves change in directorate
Apr 07,2017

The Board of Directors of Larsen & Toubro at its meeting held on 07 April 2017 has appointed A M Naik as Non Executive Chairman with effect from 01 October 2017 for a period of three years. His current term as Group Executive Chairman ends on 30 September 2017.

Powered by Capital Market - Live News

Strides Shasun provides update on acquisition of Perrigos USFDA approved facility
Apr 07,2017

Strides Shasun announced that it has completed the acquisition of Perrigos US FDA approved API facility in India.

Powered by Capital Market - Live News

Board of Larsen & Toubro appoints CEO and MD
Apr 07,2017

The Board of Directors of Larsen & Toubro at its meeting held on 07 April 2017 has appointed S N Subramanyan as CEO and Managing Director with effect from 01 July 2017.

Powered by Capital Market - Live News

AAR Commercial Company appoints director
Apr 07,2017

AAR Commercial Company announced that Anupam Khetan is appointed as a Whole-time Director of the Company pursuant to Section 196 of Companies Act 2013, with effect from 21 March 2017 and his appointment has been accepted and noted by the board of directors.

Powered by Capital Market - Live News

IndusInd Bank inaugurates its first branch in Gaya
Apr 07,2017

IndusInd Bank recently inaugurated its first branch in Gaya. The new branch is located at Nandan Niketan, Nagmatia Road, Gaya. With the inauguration of this branch, the Bank now has 18 branches in the state of Bihar.

Powered by Capital Market - Live News

NIIT announces change in CEO
Apr 07,2017

NIIT announced the resignation of Rahul Keshav Patwardhan from the position of CEO of the Company with effect from 31 July 2017. The Board has accepted his resignation at its meeting held on 07 April 2017. Further the Board of Directors has approved the appointment of Sapnesh Lalla as CEO Designate of the Company from 07 April 2017 and as Chief Executive Officer of the Company with effect from 01 August 2017

Powered by Capital Market - Live News

Rachana Capital & Securities reviews MCLR rates
Apr 07,2017

Bank of Maharashtra has reviewed the MCLR rates with effect from 07 April 2017 as under -

Overnight - 8.55%
One month - 8.70%
Three month - 8.70%
Six months - 8.75%
One year - 8.75%

Powered by Capital Market - Live News

Rachana Capital & Securities announces resignation of company secretary and compliance officer
Apr 07,2017

Rachana Capital & Securities announced that Asmita Sanjaykumar Purohit has resigned as Company Secretary & Compliance Officer of the Company with effect from 10 April 2017 (after closure of the office hours).

Powered by Capital Market - Live News

Board of G M Breweries recommends final dividend
Apr 07,2017

G M Breweries announced that the Board of Directors of the Company at its meeting held on 6 April 2017, inter alia, have recommended the final dividend of Rs 3 per equity Share (i.e. 30%) , subject to the approval of the shareholders.

Powered by Capital Market - Live News

Star Ferro & Cement to hold board meeting
Apr 07,2017

Star Ferro & Cement will hold a meeting of the Board of Directors of the Company on 8 April 2017, to consider issue and allot shares by Star Cement Limited (Transferee Company) to the Shareholders of Star Ferro and Cement Limited (Transferor Company) pursuant to the Scheme of Amalgamation of Star Ferro and Cement Limited with Star Cement Limited.

Powered by Capital Market - Live News

Atlas Cycles (Haryana) announces resignation of director
Apr 07,2017

Atlas Cycles (Haryana) announced that Veena Buber has ceased to be the Director of the Company with effect from 01 April 2017 as she tendered her resignation via Letter dated 01 April 2017 from the post of Non Executive Woman Director of the Company and the Board of Directors has taken note of her resignation in their meeting held on 04 April 2017 and accepted the same with effect from 01 April 2017.

Powered by Capital Market - Live News

Rupee closes higher
Apr 07,2017

Rupee closed higher at 64.30/31 per dollar on Friday (07 April 2017), versus its previous close of 64.54/55 per dollar.

Powered by Capital Market - Live News