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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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Max India to raise Rs 300 crore from Sponsor
May 11,2017

Max India announced that it will raise funds from its Sponsor, Max Groups Founder and Chairman Emeritus Analjit Singh, by issuing warrants amounting to Rs. 300 crore at Rs. 154.76 per share of Max India, priced in accordance with SEBI guidelines. The total number of warrants issued will be 1,93,84,854 which translates to approx. 4% stake in the company for the Sponsors.

The Sponsors shareholding in the Company will increase to 45.12% as a result of this transaction.

A significant portion of the proceeds from this transaction will be utilized by Max India to acquire a 3.75% stake in its flagship business Max Healthcare (MHC) from International Finance Corporation (IFC), which owns a 7.5% stake in the latter company. IFCs balance 3.75% stake in MHC will be acquired by Max Indias joint venture partner in MHC - the Life Healthcare Group, which is South Africas second largest hospital chain. The total consideration for the stake acquisition will be Rs. 423 crore, translating to Rs. 105 per share of MHC.

IFC has been a long-standing investor in MHC, who acquired stakes in multiple tranches over a period of 10 years. Post acquisition, both JV partners stake in MHC will increase to 49.7% each.

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Saven Technologies provides update on its JV Penrillian, UK
May 11,2017

Saven Technologies announced that its joint venture, Penrillian, UK informed the Company that due to decline in its financial position, the Joint Venture has decided to go for Voluntary Liquidation and appointed Insolvency Practitioner to commence the procedure for the same with effect from 10 May 2017.

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Sanwaria Agro Oils appoints CFO
May 11,2017

Sanwaria Agro Oils has appointed Anil Kumar Vishwakarma as Chief Financial Officer of the Company appointed in the Board Meeting held on 03 May 2017

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Magma Fincorp to pay dividend
May 11,2017

Magma Fincorp announced that dividend declared at the AGM will be paid on or before 01 September 2017.

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ICRA to pay dividend
May 11,2017

ICRA announced that dividend, if approved at the AGM will be paid on 11 August 2017.

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HCL Technologies fixes record date for buyback of shares
May 11,2017

HCL Technologies announced that 25 May 2017 shall be the record date for the purpose of buyback of equity shares by the Company, subject to approval of the Buyback by the shareholders through postal Ballot and other regulatory approvals.

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Rupee surges
May 11,2017

Rupee closed higher at 64.5125/5150 per dollar on Thursday (11 May 2017), versus its previous close of 64.7825/7850 per dollar.

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Magma Fincorp reports consolidated net loss of Rs 114.02 crore in the March 2017 quarter
May 11,2017

Net loss of Magma Fincorp reported to Rs 114.02 crore in the quarter ended March 2017 as against net profit of Rs 65.30 crore during the previous quarter ended March 2016. Sales declined 11.16% to Rs 560.69 crore in the quarter ended March 2017 as against Rs 631.10 crore during the previous quarter ended March 2016.

For the full year,net profit declined 90.33% to Rs 20.45 crore in the year ended March 2017 as against Rs 211.38 crore during the previous year ended March 2016. Sales declined 5.33% to Rs 2345.62 crore in the year ended March 2017 as against Rs 2477.77 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales560.69631.10 -11 2345.622477.77 -5 OPM %18.5063.28 -49.7060.65 - PBDT-139.24110.51 PL 95.29345.31 -72 PBT-151.54101.54 PL 46.79305.82 -85 NP-114.0265.30 PL 20.45211.38 -90

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Arvind consolidated net profit declines 0.92% in the March 2017 quarter
May 11,2017

Net profit of Arvind declined 0.92% to Rs 96.92 crore in the quarter ended March 2017 as against Rs 97.82 crore during the previous quarter ended March 2016. Sales rose 10.39% to Rs 2464.82 crore in the quarter ended March 2017 as against Rs 2232.83 crore during the previous quarter ended March 2016.

For the full year,net profit rose 1.24% to Rs 320.06 crore in the year ended March 2017 as against Rs 316.14 crore during the previous year ended March 2016. Sales rose 15.29% to Rs 9235.54 crore in the year ended March 2017 as against Rs 8010.57 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales2464.822232.83 10 9235.548010.57 15 OPM %9.3611.49 -10.2111.87 - PBDT200.49185.67 8 732.97674.50 9 PBT117.78122.74 -4 435.89434.02 0 NP96.9297.82 -1 320.06316.14 1

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HCL Technologies consolidated net profit rises 27.68% in the March 2017 quarter
May 11,2017

Net profit of HCL Technologies rose 27.68% to Rs 2475.27 crore in the quarter ended March 2017 as against Rs 1938.66 crore during the previous quarter ended March 2016. Sales rose 20.56% to Rs 12897.80 crore in the quarter ended March 2017 as against Rs 10698.64 crore during the previous quarter ended March 2016.

For the full year,net profit rose 53.64% to Rs 8606.47 crore in the year ended March 2017 as against Rs 5601.68 crore during the previous year ended March 2016. Sales rose 52.77% to Rs 47567.53 crore in the year ended March 2017 as against Rs 31135.94 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales12897.8010698.64 21 47567.5331135.94 53 OPM %21.3021.89 -21.8321.37 - PBDT3009.052543.40 18 11370.887450.54 53 PBT2749.762398.00 15 10542.757040.68 50 NP2475.271938.66 28 8606.475601.68 54

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Granules India consolidated net profit rises 38.44% in the March 2017 quarter
May 11,2017

Net profit of Granules India rose 38.44% to Rs 45.67 crore in the quarter ended March 2017 as against Rs 32.99 crore during the previous quarter ended March 2016. Sales declined 4.18% to Rs 355.25 crore in the quarter ended March 2017 as against Rs 370.76 crore during the previous quarter ended March 2016.

For the full year,net profit rose 33.76% to Rs 164.52 crore in the year ended March 2017 as against Rs 123.00 crore during the previous year ended March 2016. Sales rose 3.93% to Rs 1410.57 crore in the year ended March 2017 as against Rs 1357.18 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales355.25370.76 -4 1410.571357.18 4 OPM %21.7821.30 -21.1920.36 - PBDT70.8871.52 -1 276.51244.44 13 PBT52.8856.11 -6 204.99186.03 10 NP45.6732.99 38 164.52123.00 34

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Granules India standalone net profit rises 15.74% in the March 2017 quarter
May 11,2017

Net profit of Granules India rose 15.74% to Rs 38.45 crore in the quarter ended March 2017 as against Rs 33.22 crore during the previous quarter ended March 2016. Sales declined 2.19% to Rs 344.85 crore in the quarter ended March 2017 as against Rs 352.57 crore during the previous quarter ended March 2016.

For the full year,net profit rose 18.26% to Rs 142.83 crore in the year ended March 2017 as against Rs 120.78 crore during the previous year ended March 2016. Sales rose 1.64% to Rs 1349.48 crore in the year ended March 2017 as against Rs 1327.74 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales344.85352.57 -2 1349.481327.74 2 OPM %22.5920.99 -21.9220.33 - PBDT72.8167.08 9 278.16239.20 16 PBT54.8551.71 6 206.81180.95 14 NP38.4533.22 16 142.83120.78 18

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Magma Fincorp reports standalone net loss of Rs 102.49 crore in the March 2017 quarter
May 11,2017

Net loss of Magma Fincorp reported to Rs 102.49 crore in the quarter ended March 2017 as against net profit of Rs 56.14 crore during the previous quarter ended March 2016. Sales declined 12.01% to Rs 471.85 crore in the quarter ended March 2017 as against Rs 536.26 crore during the previous quarter ended March 2016.

For the full year,net profit declined 96.74% to Rs 6.10 crore in the year ended March 2017 as against Rs 187.15 crore during the previous year ended March 2016. Sales declined 6.48% to Rs 1972.98 crore in the year ended March 2017 as against Rs 2109.64 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales471.85536.26 -12 1972.982109.64 -6 OPM %13.5662.84 -48.0460.38 - PBDT-137.8594.04 PL 59.00305.31 -81 PBT-150.0985.12 PL 10.71265.97 -96 NP-102.4956.14 PL 6.10187.15 -97

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Gujarat Pipavav Port standalone net profit rises 28.12% in the March 2017 quarter
May 11,2017

Net profit of Gujarat Pipavav Port rose 28.12% to Rs 66.20 crore in the quarter ended March 2017 as against Rs 51.67 crore during the previous quarter ended March 2016. Sales rose 5.85% to Rs 156.74 crore in the quarter ended March 2017 as against Rs 148.08 crore during the previous quarter ended March 2016.

For the full year,net profit rose 30.72% to Rs 249.91 crore in the year ended March 2017 as against Rs 191.18 crore during the previous year ended March 2016. Sales rose 4.17% to Rs 630.11 crore in the year ended March 2017 as against Rs 604.90 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales156.74148.08 6 630.11604.90 4 OPM %73.1767.42 -66.4362.17 - PBDT121.32107.65 13 453.54406.27 12 PBT95.3782.96 15 347.03308.93 12 NP66.2051.67 28 249.91191.18 31

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HCL Technologies standalone net profit rises 2.97% in the March 2017 quarter
May 11,2017

Net profit of HCL Technologies rose 2.97% to Rs 1721.14 crore in the quarter ended March 2017 as against Rs 1671.51 crore during the previous quarter ended March 2016. Sales rose 10.88% to Rs 5114.48 crore in the quarter ended March 2017 as against Rs 4612.64 crore during the previous quarter ended March 2016.

For the full year,net profit rose 45.64% to Rs 6872.69 crore in the year ended March 2017 as against Rs 4719.08 crore during the previous year ended March 2016. Sales rose 43.79% to Rs 19318.31 crore in the year ended March 2017 as against Rs 13434.64 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales5114.484612.64 11 19318.3113434.64 44 OPM %35.9339.58 -40.6638.23 - PBDT2034.472094.45 -3 8754.966058.44 45 PBT1874.632001.65 -6 8276.075781.55 43 NP1721.141671.51 3 6872.694719.08 46

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