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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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Andrew Yule & Company reports standalone net loss of Rs 15.97 crore in the March 2017 quarter
May 31,2017

Net Loss of Andrew Yule & Company reported to Rs 15.97 crore in the quarter ended March 2017 as against net loss of Rs 3.72 crore during the previous quarter ended March 2016. Sales rose 6.36% to Rs 97.38 crore in the quarter ended March 2017 as against Rs 91.56 crore during the previous quarter ended March 2016.

For the full year,net profit rose 228.02% to Rs 27.39 crore in the year ended March 2017 as against Rs 8.35 crore during the previous year ended March 2016. Sales rose 11.45% to Rs 398.54 crore in the year ended March 2017 as against Rs 357.60 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales97.3891.56 6 398.54357.60 11 OPM %-7.46-16.95 -2.630.98 - PBDT-4.48-2.59 -73 43.6215.94 174 PBT-7.18-3.50 -105 36.819.27 297 NP-15.97-3.72 -329 27.398.35 228

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NESCO standalone net profit declines 14.82% in the March 2017 quarter
May 31,2017

Net profit of NESCO declined 14.82% to Rs 34.48 crore in the quarter ended March 2017 as against Rs 40.48 crore during the previous quarter ended March 2016. Sales rose 7.46% to Rs 77.64 crore in the quarter ended March 2017 as against Rs 72.25 crore during the previous quarter ended March 2016.

For the full year,net profit rose 17.54% to Rs 169.42 crore in the year ended March 2017 as against Rs 144.14 crore during the previous year ended March 2016. Sales rose 17.03% to Rs 305.75 crore in the year ended March 2017 as against Rs 261.25 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales77.6472.25 7 305.75261.25 17 OPM %53.7768.29 -69.9672.15 - PBDT51.0458.27 -12 251.85217.43 16 PBT48.5656.48 -14 243.72210.73 16 NP34.4840.48 -15 169.42144.14 18

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Board of Prakash Constrowell approves rights issue
May 31,2017

Prakash Constrowell announced that the Board of Directors of the Company at its meeting held on 30 May 2017 has approved further issue of shares through Rights issue of equity shares aggregating to not more than Rs. 48.50 crore in accordance with SEBI (ICDR) Regulations and other applicable law subject to the approval of the Members of the Company through postal ballot by way of passing special resolution under Section 42 and 62 of the Companies Act, 2013 and other necessary regulatory approval.

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NLC India jumps after reporting stellar Q4 numbers
May 31,2017

The result was announced after market hours yesterday, 30 May 2017.

Meanwhile, the S&P BSE Sensex was up 22.24 points, or 0.07% at 31,181.64.

On the BSE, 1.06 lakh shares were traded on the counter so far as against the average daily volumes of 73,962 shares in the past one counter. The stock had hit a high of Rs 108.95 and a low of Rs 104.75 so far during the day.

The stock had hit a 52-week high of Rs 123 on 23 March 2017 and hit a 52-week low of Rs 68.05 on 3 June 2016. The stock had underperformed the market over the past one month till 30 May 2017, declining 5.83% compared with the Sensexs 4.15% rise. The scrip had also underperformed the market over the past one quarter advancing 7.58% as against the Sensexs 8.41% rise.

The large-cap company has equity capital of Rs 1528.57 crore. Face value per share is Rs 10.

NLC India operates lignite mines, pithead thermal power stations and also has operations in renewable energy sector.

As per the shareholding pattern as on 31 March 2017, the Government of India held 89.33% stake in the company.

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May 31,2017

SpiceJet will hold a meeting of the Board of Directors of the Company on 3 June 2017.

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May 31,2017

Starlog Enterprises will hold a meeting of the Board of Directors of the Company on 30 May 2017.

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May 31,2017

Alfavision Overseas will hold a meeting of the Board of Directors of the Company on 30 May 2017.

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Radford Global will hold a meeting of the Board of Directors of the Company on 30 May 2017.

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Aftek will hold a meeting of the Board of Directors of the Company on 30 May 2017.

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May 31,2017

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OK Play India will hold a meeting of the Board of Directors of the Company on 9 June 2017.

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Texplast Industries will hold a meeting of the Board of Directors of the Company on 30 May 2017.

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