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

Pan India Corporation to hold board meeting
Jul 12,2017

Pan India Corporation will hold a meeting of the Board of Directors of the Company on 11 July 2017.

Powered by Capital Market - Live News

Aptech to hold AGM
Jul 12,2017

Aptech announced that the th Annual General Meeting(AGM) of the company on 31 July 2017.

Powered by Capital Market - Live News

IO System to hold board meeting
Jul 12,2017

IO System will hold a meeting of the Board of Directors of the Company on 11 July 2017.

Powered by Capital Market - Live News

Sterlite Technologies to hold board meeting
Jul 12,2017

Sterlite Technologies will hold a meeting of the Board of Directors of the Company on 19 July 2017 to consider the un-audited standalone and consolidated Financial Results of the Company under IndAS for the quarter ended June 30, 2017.

Powered by Capital Market - Live News

Johnson Contls.-HitachiAirCondtg.Ind. to hold board meeting
Jul 12,2017

Johnson Contls.-HitachiAirCondtg.Ind. will hold a meeting of the Board of Directors of the Company on 8 August 2017 to consider and take on record Unaudited Financial Results of the Company for the quarter ended on 30th June, 2017.

Powered by Capital Market - Live News

Carnation Industries to hold board meeting
Jul 12,2017

Carnation Industries will hold a meeting of the Board of Directors of the Company on 11 August 2017.

Powered by Capital Market - Live News

Astra Microwave Products to hold board meeting
Jul 12,2017

Astra Microwave Products will hold a meeting of the Board of Directors of the Company on 28 July 2017 to consider and approve Un-Audited financial results for the quarter ended 30.06.2017.

Powered by Capital Market - Live News

Nagarjuna Agrichem to hold board meeting
Jul 12,2017

Nagarjuna Agrichem will hold a meeting of the Board of Directors of the Company on 5 August 2017 Unaudited Financial Results of the Company for the first quarter ended 30th June,2017.

Powered by Capital Market - Live News

MSP Steel & Power to hold board meeting
Jul 12,2017

MSP Steel & Power will hold a meeting of the Board of Directors of the Company on 10 July 2017.

Powered by Capital Market - Live News

Peoples Investment to hold AGM
Jul 12,2017

Peoples Investment announced that the 41th Annual General Meeting(AGM) of the company on 11 July 2017.

Powered by Capital Market - Live News

Caplin Point Laboratories to hold board meeting
Jul 12,2017

Caplin Point Laboratories will hold a meeting of the Board of Directors of the Company on 7 August 2017 Un-audited Financial Results for the first quarter ended June 30,2017.

Powered by Capital Market - Live News

Chase Bright Steel to hold board meeting
Jul 12,2017

Chase Bright Steel will hold a meeting of the Board of Directors of the Company on 4 August 2017 Quarterly Results

Powered by Capital Market - Live News

Blue Dart Express to hold board meeting
Jul 12,2017

Blue Dart Express will hold a meeting of the Board of Directors of the Company on 27 July 2017 to take on record the Un-Audited Financial Results for the quarter ended June 30, 2017

Powered by Capital Market - Live News

La Opala RG to hold board meeting
Jul 12,2017

La Opala RG will hold a meeting of the Board of Directors of the Company on 26 August 2017 to consider and approve the un-audited Financial Results of the Company for the first quarter ended 30th June, 2017.

Powered by Capital Market - Live News

Amara Raja Batteries to hold board meeting
Jul 12,2017

Amara Raja Batteries will hold a meeting of the Board of Directors of the Company on 7 August 2017 to consider and approve the unaudited financial results for the quarter ended June 30, 2017.

Powered by Capital Market - Live News