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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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Fortune Financial Services (India) consolidated net profit rises 311.00% in the September 2016 quarter
Nov 17,2016

Net profit of Fortune Financial Services (India) rose 311.00% to Rs 11.96 crore in the quarter ended September 2016 as against Rs 2.91 crore during the previous quarter ended September 2015. Sales rose 49.14% to Rs 42.28 crore in the quarter ended September 2016 as against Rs 28.35 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales42.2828.35 49 OPM %34.774.62 - PBDT12.503.12 301 PBT10.441.04 904 NP11.962.91 311

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Kushal Tradelink standalone net profit declines 13.57% in the September 2016 quarter
Nov 17,2016

Net profit of Kushal Tradelink declined 13.57% to Rs 1.21 crore in the quarter ended September 2016 as against Rs 1.40 crore during the previous quarter ended September 2015. Sales declined 17.04% to Rs 55.65 crore in the quarter ended September 2016 as against Rs 67.08 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales55.6567.08 -17 OPM %3.586.20 - PBDT2.112.32 -9 PBT1.962.16 -9 NP1.211.40 -14

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Sharp Investments standalone net profit rises 25.00% in the September 2016 quarter
Nov 17,2016

Net profit of Sharp Investments rose 25.00% to Rs 0.05 crore in the quarter ended September 2016 as against Rs 0.04 crore during the previous quarter ended September 2015. Sales declined 28.57% to Rs 0.10 crore in the quarter ended September 2016 as against Rs 0.14 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.100.14 -29 OPM %50.0028.57 - PBDT0.050.04 25 PBT0.050.04 25 NP0.050.04 25

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R G F Capital Markets standalone net profit rises 100.00% in the September 2016 quarter
Nov 17,2016

Net profit of R G F Capital Markets rose 100.00% to Rs 0.08 crore in the quarter ended September 2016 as against Rs 0.04 crore during the previous quarter ended September 2015. Sales rose 28.57% to Rs 0.18 crore in the quarter ended September 2016 as against Rs 0.14 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.180.14 29 OPM %44.4428.57 - PBDT0.080.04 100 PBT0.080.04 100 NP0.080.04 100

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Aadhaar Ventures India standalone net profit declines 60.00% in the September 2016 quarter
Nov 17,2016

Net profit of Aadhaar Ventures India declined 60.00% to Rs 0.02 crore in the quarter ended September 2016 as against Rs 0.05 crore during the previous quarter ended September 2015. Sales declined 78.46% to Rs 1.06 crore in the quarter ended September 2016 as against Rs 4.92 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales1.064.92 -78 OPM %2.831.42 - PBDT0.030.07 -57 PBT0.030.07 -57 NP0.020.05 -60

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Gujarat Metallic Coal & Coke standalone net profit declines 33.33% in the September 2016 quarter
Nov 17,2016

Net profit of Gujarat Metallic Coal & Coke declined 33.33% to Rs 0.02 crore in the quarter ended September 2016 as against Rs 0.03 crore during the previous quarter ended September 2015. Sales declined 99.92% to Rs 0.12 crore in the quarter ended September 2016 as against Rs 152.22 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.12152.22 -100 OPM %8.330.30 - PBDT0.020.03 -33 PBT0.020.03 -33 NP0.020.03 -33

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Vintage Securities reports standalone nil net profit/loss in the September 2016 quarter
Nov 17,2016

Vintage Securities reported no net profit/loss in the quarter ended September 2016 and during the previous quarter ended September 2015. Sales remain constant at Rs 0.01 crore in the quarter ended September 2016 and also during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.010.01 0 OPM %00 - PBDT00 0 PBT00 0 NP00 0

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Om Metals Infraprojects standalone net profit declines 41.87% in the September 2016 quarter
Nov 17,2016

Net profit of Om Metals Infraprojects declined 41.87% to Rs 5.15 crore in the quarter ended September 2016 as against Rs 8.86 crore during the previous quarter ended September 2015. Sales rose 101.00% to Rs 62.07 crore in the quarter ended September 2016 as against Rs 30.88 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales62.0730.88 101 OPM %18.9541.00 - PBDT8.1710.40 -21 PBT5.309.26 -43 NP5.158.86 -42

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Sai Industries reports standalone nil net profit/loss in the September 2016 quarter
Nov 17,2016

Sai Industries reported no net profit/loss in the quarter ended September 2016 as against net loss of Rs 0.03 crore during the previous quarter ended September 2015. There were no Sales reported in the quarter ended September 2016 and during the previous quarter ended September 2015.

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Yogi Infra Projects standalone net profit declines 41.18% in the September 2016 quarter
Nov 17,2016

Net profit of Yogi Infra Projects declined 41.18% to Rs 0.10 crore in the quarter ended September 2016 as against Rs 0.17 crore during the previous quarter ended September 2015. There were no Sales reported in the quarter ended September 2016 and during the previous quarter ended September 2015.

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Golkonda Aluminium Extrusions reports standalone net loss of Rs 0.40 crore in the September 2016 quarter
Nov 17,2016

Net Loss of Golkonda Aluminium Extrusions reported to Rs 0.40 crore in the quarter ended September 2016 as against net loss of Rs 0.46 crore during the previous quarter ended September 2015. There were no Sales reported in the quarter ended September 2016 and during the previous quarter ended September 2015.

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SM Dyechem reports standalone net loss of Rs 0.11 crore in the September 2016 quarter
Nov 17,2016

Net Loss of SM Dyechem reported to Rs 0.11 crore in the quarter ended September 2016 as against net loss of Rs 0.35 crore during the previous quarter ended September 2015. There were no Sales reported in the quarter ended September 2016 as against Rs 4.78 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales04.78 -100 OPM %0-6.90 - PBDT-0.09-0.33 73 PBT-0.11-0.35 69 NP-0.11-0.35 69

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United Bank of India revises interest rates on domestic term deposits
Nov 17,2016

United Bank of India has revised the banks interest rates on domestic term deposits across various tenures with effect from 18 November 2016.

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Reliance Industries and GE form a global partnership
Nov 17,2016

Reliance Industries and GE announced the signing of a global partnership agreement in the Industrial IOT (IIOT) space whereby RIL and GE will work together to build out joint applications on GEs Predix platform.

The first-of-its-kind partnership marks the coming together of two of the worlds largest industrial conglomerates to provide Industrial IOT solutions to customers in oil & gas, fertilizer, power, healthcare, telecom and other industries.

GE will provide its Predix cloud offering, Industrial Internet applications and data science expertise. RIL will develop solutions on Predix as an Independent Software Vendor (ISV), bringing to bear its over 30 years of data, process and operational expertise. RIL will also offer nationwideconnectivity infrastructure to customers through a 4G network powered by Jio. GE would offer the security, availability and monitoring aspects of the platform to RIL and its customers. The potential for other revenue streams includes telecom, healthcare and agriculture.

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Board of Neelkanth Technologies approves change in company secretary
Nov 17,2016

Neelkanth Technologies announced that the existing Secretarial Auditor has expressed their inability to continue as a Secretarial Auditor. The Board of Directors of the Company at their meeting held on 17 November 2016 at appointed Jimmy N. Panthaky, Company Secretary, for the financial year 2016-17 in place of Hemant Shetye, Partner of HS Associates, Company Secretary, Mumbai who expressed his unwillingness to continue.

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