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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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Gillanders Arbuthnot & Company standalone net profit declines 44.57% in the September 2016 quarter
Nov 12,2016

Net profit of Gillanders Arbuthnot & Company declined 44.57% to Rs 7.45 crore in the quarter ended September 2016 as against Rs 13.44 crore during the previous quarter ended September 2015. Sales declined 10.83% to Rs 178.35 crore in the quarter ended September 2016 as against Rs 200.00 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales178.35200.00 -11 OPM %10.0014.17 - PBDT12.3418.39 -33 PBT7.4513.44 -45 NP7.4513.44 -45

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Vadilal Industries standalone net profit rises 42.72% in the September 2016 quarter
Nov 12,2016

Net profit of Vadilal Industries rose 42.72% to Rs 4.31 crore in the quarter ended September 2016 as against Rs 3.02 crore during the previous quarter ended September 2015. Sales rose 0.70% to Rs 103.79 crore in the quarter ended September 2016 as against Rs 103.07 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales103.79103.07 1 OPM %12.2712.40 - PBDT10.117.92 28 PBT6.594.62 43 NP4.313.02 43

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Nov 12,2016

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ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.340.24 42 OPM %41.188.33 - PBDT0.150.11 36 PBT0.120.17 -29 NP0.120.17 -29

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JCT standalone net profit rises 23.64% in the September 2016 quarter
Nov 12,2016

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ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales193.77217.08 -11 OPM %3.485.87 - PBDT3.008.84 -66 PBT-4.731.32 PL NP1.361.10 24

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Board of Kallam Spinning Mills to consider stock split
Nov 12,2016

Kallam Spinning Mills announced that the Meeting of Board of Directors of the Company will be held on 30 November 2016, inter alia, to consider Sub-Division of Equity Shares of the Company of the Face Value of Rs. 10/- each into lower Face Value.

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Board of Central Provinces Railways Company approves preferential allotment of shares
Nov 12,2016

The Board of Central Provinces Railways Company announced approved issue of 19 lakh equity shares of Rs 10 each on preferential allotment basis subject to shareholders approval at the EGM on 14 December 2016. The Board also accepted the resignation of Amitkumar Rander, Executive Director of the Company.

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Outcome of board meeting of MT Educare
Nov 12,2016

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Board of Patel Engineering approves draft scheme of amalgamation
Nov 12,2016

The Board of Patel Engineering has approved the draft scheme of amalgamation of Patel Realty (Transferor Company) with Patel Engineering (Transferee Company).

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Board of Innocorp accepts resignation of director
Nov 12,2016

The Board of Innocorp accepted the resignation of V Gopala Krishna as Director of the Company with immediate effect.

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Board of Five X Finance & Investment approves resignation of company secretary
Nov 12,2016

The Board of Five X Finance & Investment approved the resignation of Prajna Naik as Company Secretary cum Compliance Officer of the Company.

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Board of Career Point appoints director
Nov 12,2016

The Board of Career Point approved the appointment of Jagdish Prasad Sarda as Independent Director of the Company with effect from 12 November 2016.

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Svarnim Trade Udyog standalone net profit rises 350.00% in the September 2016 quarter
Nov 12,2016

Net profit of Svarnim Trade Udyog rose 350.00% to Rs 0.09 crore in the quarter ended September 2016 as against Rs 0.02 crore during the previous quarter ended September 2015. Sales rose 44.83% to Rs 2.52 crore in the quarter ended September 2016 as against Rs 1.74 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales2.521.74 45 OPM %3.571.15 - PBDT0.090.02 350 PBT0.090.02 350 NP0.090.02 350

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Optiemus Infracom standalone net profit declines 54.57% in the September 2016 quarter
Nov 12,2016

Net profit of Optiemus Infracom declined 54.57% to Rs 2.83 crore in the quarter ended September 2016 as against Rs 6.23 crore during the previous quarter ended September 2015. Sales declined 28.18% to Rs 367.75 crore in the quarter ended September 2016 as against Rs 512.07 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales367.75512.07 -28 OPM %3.344.83 - PBDT8.4815.00 -43 PBT4.339.26 -53 NP2.836.23 -55

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Arrow Greentech standalone net profit rises 94.74% in the September 2016 quarter
Nov 12,2016

Net profit of Arrow Greentech rose 94.74% to Rs 5.18 crore in the quarter ended September 2016 as against Rs 2.66 crore during the previous quarter ended September 2015. Sales rose 38.13% to Rs 8.55 crore in the quarter ended September 2016 as against Rs 6.19 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales8.556.19 38 OPM %58.8357.67 - PBDT5.433.85 41 PBT5.053.61 40 NP5.182.66 95

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Nova Iron & Steel standalone net profit rises 436.44% in the September 2016 quarter
Nov 12,2016

Net profit of Nova Iron & Steel rose 436.44% to Rs 6.33 crore in the quarter ended September 2016 as against Rs 1.18 crore during the previous quarter ended September 2015. Sales rose 6213.33% to Rs 9.47 crore in the quarter ended September 2016 as against Rs 0.15 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales9.470.15 6213 OPM %87.122013.33 - PBDT6.621.53 333 PBT6.331.18 436 NP6.331.18 436

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