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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.

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Lakhotia Polyesters (India) standalone net profit rises 400.00% in the December 2016 quarter
Feb 13,2017

Net profit of Lakhotia Polyesters (India) rose 400.00% to Rs 0.05 crore in the quarter ended December 2016 as against Rs 0.01 crore during the previous quarter ended December 2015. Sales declined 22.44% to Rs 3.87 crore in the quarter ended December 2016 as against Rs 4.99 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales3.874.99 -22 OPM %6.984.61 - PBDT0.120.10 20 PBT0.080.06 33 NP0.050.01 400

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PTC India standalone net profit declines 9.08% in the December 2016 quarter
Feb 13,2017

Net profit of PTC India declined 9.08% to Rs 42.57 crore in the quarter ended December 2016 as against Rs 46.82 crore during the previous quarter ended December 2015. Sales rose 7.63% to Rs 3050.65 crore in the quarter ended December 2016 as against Rs 2834.27 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales3050.652834.27 8 OPM %1.762.03 - PBDT61.9368.44 -10 PBT61.6067.53 -9 NP42.5746.82 -9

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Catvision standalone net profit declines 77.16% in the December 2016 quarter
Feb 13,2017

Net profit of Catvision declined 77.16% to Rs 0.37 crore in the quarter ended December 2016 as against Rs 1.62 crore during the previous quarter ended December 2015. Sales declined 16.21% to Rs 12.92 crore in the quarter ended December 2016 as against Rs 15.42 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales12.9215.42 -16 OPM %7.5118.03 - PBDT0.662.62 -75 PBT0.532.34 -77 NP0.371.62 -77

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Central Provinces Railways Company reports standalone net loss of Rs 0.04 crore in the December 2016 quarter
Feb 13,2017

Net Loss of Central Provinces Railways Company reported to Rs 0.04 crore in the quarter ended December 2016 as against net loss of Rs 0.02 crore during the previous quarter ended December 2015. There were no Sales reported in the quarter ended December 2016 and during the previous quarter ended December 2015.

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RDB Realty & Infrastructure reports standalone net profit of Rs 1.01 crore in the December 2016 quarter
Feb 13,2017

Net profit of RDB Realty & Infrastructure reported to Rs 1.01 crore in the quarter ended December 2016 as against net loss of Rs 2.06 crore during the previous quarter ended December 2015. Sales rose 10.09% to Rs 3.49 crore in the quarter ended December 2016 as against Rs 3.17 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales3.493.17 10 OPM %87.1115.14 - PBDT1.28-1.89 LP PBT1.12-2.06 LP NP1.01-2.06 LP

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PTC Industries standalone net profit rises 18.92% in the December 2016 quarter
Feb 13,2017

Net profit of PTC Industries rose 18.92% to Rs 1.76 crore in the quarter ended December 2016 as against Rs 1.48 crore during the previous quarter ended December 2015. Sales declined 3.23% to Rs 22.75 crore in the quarter ended December 2016 as against Rs 23.51 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales22.7523.51 -3 OPM %18.0717.18 - PBDT3.403.52 -3 PBT1.982.01 -1 NP1.761.48 19

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Kallam Spinning Mills standalone net profit declines 78.87% in the December 2016 quarter
Feb 13,2017

Net profit of Kallam Spinning Mills declined 78.87% to Rs 0.45 crore in the quarter ended December 2016 as against Rs 2.13 crore during the previous quarter ended December 2015. Sales rose 0.86% to Rs 69.50 crore in the quarter ended December 2016 as against Rs 68.91 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales69.5068.91 1 OPM %16.5316.64 - PBDT6.036.53 -8 PBT2.593.16 -18 NP0.452.13 -79

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Chordia Food Products reports standalone net loss of Rs 0.25 crore in the December 2016 quarter
Feb 13,2017

Net loss of Chordia Food Products reported to Rs 0.25 crore in the quarter ended December 2016 as against net profit of Rs 0.11 crore during the previous quarter ended December 2015. Sales rose 31.38% to Rs 12.81 crore in the quarter ended December 2016 as against Rs 9.75 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales12.819.75 31 OPM %3.368.21 - PBDT0.080.41 -80 PBT-0.250.16 PL NP-0.250.11 PL

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FPIs step up buying
Feb 13,2017

Foreign portfolio investors (FPIs) bought stocks worth a net Rs 553.84 crore from the secondary equity markets on Friday, 10 February 2017, as compared with net inflow of Rs 426.64 crore during the preceding trading session on 9 February 2017. The net inflow of Rs 553.84 crore on 10 February 2017 was a result of gross purchases of Rs 4951.25 crore and gross sales of Rs 4397.41 crore. On that day, the Sensex rose 4.55 points or 0.02% to settle at 28,334.25, its highest closing level since 7 February 2017.

There was an inflow of Rs 1.43 crore into the category primary market & others on 10 February 2017, which was a result of gross purchases of Rs 1.51 crore and gross sales of Rs 0.08 crore.

FPIs have bought stocks worth a net Rs 1350.84 crore in February 2017 so far (till 10 February 2017). They sold stocks worth a net Rs 1315.13 crore in January 2017. FPIs have purchased shares worth a net Rs 35.71 crore from the secondary equity markets in calendar year 2017 (till 10 February 2017). FPIs had purchased shares worth a net Rs 12094.42 crore from the secondary equity markets in calendar year 2016.

There has been a net inflow of Rs 1292.72 crore from FPIs from the category primary market & others in February 2017 so far (till 10 February 2017). There was a net inflow of Rs 138.53 crore from FPIs from the category primary market & others in January 2017. FPIs have purchased shares worth a net Rs 1431.25 crore from the primary markets & others in calendar year 2017 (till 10 February 2017). The net inflow from FPIs into category primary markets & others had totaled Rs 8471.76 crore in calendar year 2016.

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Photoquip India ceases to be listed on Ahmedabad Stock Exchange
Feb 13,2017

Photoquip India announced that Ahmedabad Stock Exchange (ASE) has undergoing its exit policy accordingly the Company would be ceased to be listed on Ahmedabad stock exchange with immediate effect.

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NCL Industries declares interim dividend of 10%
Feb 13,2017

NCL Industries announced that the Board of Directors of the Company at its meeting held on 13 February 2017, inter alia, has declared an interim dividend of 10% amounting to Rs. 1/- per Equity share (Face value of Rs. 10/- each) on a paid up capital base of Rs. 3673.28 Lakhs for the Financial year 2016-17.

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Control Print to pay interim dividend
Feb 13,2017

Control Print announced that the dividend will be paid on or after 27 February 2017.

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Dishman Pharmaceuticals and Chemicals to pay interim dividend
Feb 13,2017

Dishman Pharmaceuticals and Chemicals announced that interim dividend shall be paid on and from 25 February 2017.

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New National Urban and Habitat Policy, National Rental Housing Policy and Model Tenancy Act in the works
Feb 13,2017

The Government is drafting a National Urban and Habitat Policy, National Rental Housing Policy and Model Tenancy Act for efficient functioning of the real estate sector and imparting transparency in its working. This was stated by Mr. Rajiv Ranjan Mishra, Joint Secretary, Ministry of Housing and Urban Poverty Alleviation, Government of India.

Mr. Mishra said that budget was critical to the real estate sector as it addressed many of the industrys issues by way of policy and legislative interventions. He said that the government has extended the benefits of affordable housing schemes to middle income groups as well and was now encouraging developers to enter the affordable housing segment by way of granting infrastructure status to it. He added that the government welcomes feedback from the industry to make better and effective policies.

Mr. Suraj Malik, Director - Mergers & Acquisitions, PwC India, said that the key policy announcements made in the Budget 207-18 such as grant of infrastructure status to affordable housing segment; refinancing of individual housing loans by the National Housing Bank and permission to monetize Airport Authority of India owned land, the proceeds of which will received be used for airport upgradation.

He said that the other modifications in the budget such as reduction of the period of holding for immovable property for long term characterization from 36 months to 24 months would have an impact on the sector. Mr. Malik delved on several other amendments and provisions of the budget that would influence the real estate sector both in the short and long term and sought industrys views on them.

Dr. A. Didar Singh, Secretary General, FICCI, said that the government has taken many constructive steps towards making the system transparent and easier to comply with which has resulted in efficient governance. The Budget has implications on various sectors and it was another step towards the reforms agenda of the government. He assured that FICCI would continue to support the initiatives of the government.

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Dishman Pharmaceuticals and Chemicals declares interim dividend of 60%
Feb 13,2017

Dishman Pharmaceuticals and Chemicals announced that a Meeting of the Board of Directors of the Company was held on 13 February 2017, which was commenced at 01:00 PM and concluded at 03:15 PM inter alia, has declared an Interim dividend at 60% (i.e. Rs.1.20 per equity share of Rs. 2.00 each) on 16,13,94,272 equity shares of the Company for the financial year 2016- 2017.

The interim dividend shall be paid to the members entitled thereto, on and from 25 February 2017. The Dividend cheques/warrants would be posted on or after 25 February 2017 and within 30 days from the date of declaration of interim dividend as provided in the Companies Act, 2013.

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