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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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Outcome of board meeting of Punjab National Bank
Nov 05,2016

Punjab National Bank announced that the Board of Directors of the Company at its meeting held on 04 November 2016 have considered and approved raising of Basel III compliant debt instruments - Prepetual Additional Tier I Capital bonds to the extent of Rs 3000 crore and Tier II bonds up to Rs 3000 crore, subject to availability of headroom in one or more tranches.

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Shreenath Investment Company announces resignation of company secretary
Nov 05,2016

Shreenath Investment Company has received Resignation Letter dated 04 November 2016 from Latika Rohara from the post of Company Secretary with effect from 24 October 2016.

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Ujaas Energy receives order for SPV Based Solar Power System of 50 Kwp
Nov 05,2016

Ujaas Energy has received an order for design, supply, installation, testing and commissioning of Grid Interactive SPV Based Solar Power System of 50 Kwp at main office building of RBI, Bhopal (M.P.).

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Spice Mobility intimates of acquisition of 100% stake in SVA (Mauritius)
Nov 05,2016

Spice Mobility announced that Spice VAS Africa, a step down subsidiary of the Company, has acquired 100% stake in SVA (Mauritius). Consequent to the said acquisition, SVA (Mauritius) become a wholly owned step down subsidiary of the Company.

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WEP Solutions allots equity shares
Nov 05,2016

WEP Solutions announced that the Board of Directors of the Company in the Meeting held on 04 November 2016, approved the allotment of 12,600 Equity Shares of Rs. 10/- to the eligible employees upon exercise of the Options granted to them.

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Pudumjee Industries standalone net profit declines 93.24% in the September 2016 quarter
Nov 05,2016

Net profit of Pudumjee Industries declined 93.24% to Rs 0.05 crore in the quarter ended September 2016 as against Rs 0.74 crore during the previous quarter ended September 2015. Sales declined 99.93% to Rs 0.03 crore in the quarter ended September 2016 as against Rs 41.22 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.0341.22 -100 OPM %-466.676.26 - PBDT0.081.05 -92 PBT0.070.74 -91 NP0.050.74 -93

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Remi Process Plant & Machinery standalone net profit rises 1066.67% in the September 2016 quarter
Nov 05,2016

Net profit of Remi Process Plant & Machinery rose 1066.67% to Rs 0.35 crore in the quarter ended September 2016 as against Rs 0.03 crore during the previous quarter ended September 2015. Sales rose 26.96% to Rs 4.38 crore in the quarter ended September 2016 as against Rs 3.45 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales4.383.45 27 OPM %9.36-4.35 - PBDT0.670.15 347 PBT0.520 0 NP0.350.03 1067

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Punjab National Bank standalone net profit declines 11.54% in the September 2016 quarter
Nov 05,2016

Net profit of Punjab National Bank declined 11.54% to Rs 549.36 crore in the quarter ended September 2016 as against Rs 621.03 crore during the previous quarter ended September 2015. Total Operating Income declined 4.17% to Rs 11830.36 crore in the quarter ended September 2016 as against Rs 12345.03 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Total Operating Income11830.3612345.03 -4 OPM %53.6062.56 - PBDT778.281056.44 -26 PBT778.281056.44 -26 NP549.36621.03 -12

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Genesys International Corporation standalone net profit rises 1648.28% in the September 2016 quarter
Nov 05,2016

Net profit of Genesys International Corporation rose 1648.28% to Rs 5.07 crore in the quarter ended September 2016 as against Rs 0.29 crore during the previous quarter ended September 2015. Sales rose 107.68% to Rs 21.10 crore in the quarter ended September 2016 as against Rs 10.16 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales21.1010.16 108 OPM %36.874.63 - PBDT7.692.02 281 PBT6.080.12 4967 NP5.070.29 1648

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Incap standalone net profit rises 13.33% in the September 2016 quarter
Nov 05,2016

Net profit of Incap rose 13.33% to Rs 0.17 crore in the quarter ended September 2016 as against Rs 0.15 crore during the previous quarter ended September 2015. Sales rose 17.22% to Rs 4.90 crore in the quarter ended September 2016 as against Rs 4.18 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales4.904.18 17 OPM %6.947.66 - PBDT0.240.24 0 PBT0.170.15 13 NP0.170.15 13

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Pokarna standalone net profit declines 2.39% in the September 2016 quarter
Nov 05,2016

Net profit of Pokarna declined 2.39% to Rs 4.09 crore in the quarter ended September 2016 as against Rs 4.19 crore during the previous quarter ended September 2015. Sales declined 14.39% to Rs 41.53 crore in the quarter ended September 2016 as against Rs 48.51 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales41.5348.51 -14 OPM %23.1925.85 - PBDT9.009.59 -6 PBT6.317.22 -13 NP4.094.19 -2

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Spenta International standalone net profit rises 53.66% in the September 2016 quarter
Nov 05,2016

Net profit of Spenta International rose 53.66% to Rs 0.63 crore in the quarter ended September 2016 as against Rs 0.41 crore during the previous quarter ended September 2015. Sales rose 13.77% to Rs 9.42 crore in the quarter ended September 2016 as against Rs 8.28 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales9.428.28 14 OPM %16.1413.29 - PBDT1.090.98 11 PBT0.860.77 12 NP0.630.41 54

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Arihant Tournesol reports standalone net loss of Rs 0.06 crore in the September 2016 quarter
Nov 05,2016

Net Loss of Arihant Tournesol reported to Rs 0.06 crore 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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Hindustan Everest Tools reports standalone net loss of Rs 1.84 crore in the September 2016 quarter
Nov 05,2016

Net Loss of Hindustan Everest Tools reported to Rs 1.84 crore in the quarter ended September 2016 as against net loss of Rs 0.77 crore during the previous quarter ended September 2015. Sales declined 88.18% to Rs 1.09 crore in the quarter ended September 2016 as against Rs 9.22 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales1.099.22 -88 OPM %-128.44-1.95 - PBDT-1.69-0.63 -168 PBT-1.84-0.77 -139 NP-1.84-0.77 -139

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Garware Marine Industries standalone net profit declines 66.67% in the September 2016 quarter
Nov 05,2016

Net profit of Garware Marine Industries declined 66.67% to Rs 0.01 crore in the quarter ended September 2016 as against Rs 0.03 crore during the previous quarter ended September 2015. Sales rose 56.25% to Rs 0.25 crore in the quarter ended September 2016 as against Rs 0.16 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.250.16 56 OPM %-16.00-187.50 - PBDT-0.04-0.32 88 PBT-0.04-0.32 88 NP0.010.03 -67

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