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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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MMTC standalone net profit declines 76.57% in the September 2016 quarter
Dec 09,2016

Net profit of MMTC declined 76.57% to Rs 10.45 crore in the quarter ended September 2016 as against Rs 44.60 crore during the previous quarter ended September 2015. Sales declined 71.55% to Rs 1389.95 crore in the quarter ended September 2016 as against Rs 4884.99 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales1389.954884.99 -72 OPM %-1.97-0.68 - PBDT2.065.83 -65 PBT0.954.57 -79 NP10.4544.60 -77

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Puravankara Projects consolidated net profit rises 56.17% in the September 2016 quarter
Dec 09,2016

Net profit of Puravankara Projects rose 56.17% to Rs 42.12 crore in the quarter ended September 2016 as against Rs 26.97 crore during the previous quarter ended September 2015. Sales declined 11.05% to Rs 375.23 crore in the quarter ended September 2016 as against Rs 421.86 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales375.23421.86 -11 OPM %32.3223.45 - PBDT63.1243.68 45 PBT58.9640.01 47 NP42.1226.97 56

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Puravankara Projects standalone net profit rises 27.05% in the September 2016 quarter
Dec 09,2016

Net profit of Puravankara Projects rose 27.05% to Rs 53.68 crore in the quarter ended September 2016 as against Rs 42.25 crore during the previous quarter ended September 2015. Sales rose 49.51% to Rs 296.15 crore in the quarter ended September 2016 as against Rs 198.08 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales296.15198.08 50 OPM %34.9427.33 - PBDT70.9546.18 54 PBT68.4343.55 57 NP53.6842.25 27

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NLC India standalone net profit declines 13.62% in the September 2016 quarter
Dec 09,2016

Net profit of NLC India declined 13.62% to Rs 300.42 crore in the quarter ended September 2016 as against Rs 347.79 crore during the previous quarter ended September 2015. Sales rose 19.70% to Rs 2056.67 crore in the quarter ended September 2016 as against Rs 1718.19 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales2056.671718.19 20 OPM %30.0935.77 - PBDT669.63698.61 -4 PBT492.78525.82 -6 NP300.42347.79 -14

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Claris Lifesciences consolidated net profit rises 169.92% in the September 2016 quarter
Dec 09,2016

Net profit of Claris Lifesciences rose 169.92% to Rs 32.39 crore in the quarter ended September 2016 as against Rs 12.00 crore during the previous quarter ended September 2015. Sales declined 0.65% to Rs 192.13 crore in the quarter ended September 2016 as against Rs 193.39 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales192.13193.39 -1 OPM %24.966.63 - PBDT45.5322.27 104 PBT41.4218.24 127 NP32.3912.00 170

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Finolex Industries standalone net profit rises 27.63% in the September 2016 quarter
Dec 09,2016

Net profit of Finolex Industries rose 27.63% to Rs 51.32 crore in the quarter ended September 2016 as against Rs 40.21 crore during the previous quarter ended September 2015. Sales declined 1.77% to Rs 453.64 crore in the quarter ended September 2016 as against Rs 461.83 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales453.64461.83 -2 OPM %19.1811.35 - PBDT92.6747.42 95 PBT78.7934.77 127 NP51.3240.21 28

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Claris Lifesciences reports standalone net profit of Rs 5.01 crore in the September 2016 quarter
Dec 09,2016

Net profit of Claris Lifesciences reported to Rs 5.01 crore in the quarter ended September 2016 as against net loss of Rs 8.06 crore during the previous quarter ended September 2015. Sales declined 88.79% to Rs 15.80 crore in the quarter ended September 2016 as against Rs 140.93 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales15.80140.93 -89 OPM %-141.20-8.23 - PBDT1.312.13 -38 PBT1.131.98 -43 NP5.01-8.06 LP

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Jindal Steel & Power reports consolidated net loss of Rs 745.98 crore in the September 2016 quarter
Dec 09,2016

Net Loss of Jindal Steel & Power reported to Rs 745.98 crore in the quarter ended September 2016 as against net loss of Rs 909.53 crore during the previous quarter ended September 2015. Sales declined 1.25% to Rs 4485.44 crore in the quarter ended September 2016 as against Rs 4542.00 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales4485.444542.00 -1 OPM %18.9122.07 - PBDT-22.54238.48 PL PBT-1021.14-605.52 -69 NP-745.98-909.53 18

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Electrosteel Steels reports standalone net loss of Rs 485.89 crore in the September 2016 quarter
Dec 09,2016

Net Loss of Electrosteel Steels reported to Rs 485.89 crore in the quarter ended September 2016 as against net loss of Rs 203.57 crore during the previous quarter ended September 2015. Sales declined 2.56% to Rs 556.93 crore in the quarter ended September 2016 as against Rs 571.56 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales556.93571.56 -3 OPM %-13.12-3.49 - PBDT-365.08-152.89 -139 PBT-485.89-203.57 -139 NP-485.89-203.57 -139

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Jindal Steel & Power reports standalone net loss of Rs 407.19 crore in the September 2016 quarter
Dec 09,2016

Net Loss of Jindal Steel & Power reported to Rs 407.19 crore in the quarter ended September 2016 as against net loss of Rs 310.49 crore during the previous quarter ended September 2015. Sales declined 4.33% to Rs 3023.39 crore in the quarter ended September 2016 as against Rs 3160.24 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales3023.393160.24 -4 OPM %17.5620.12 - PBDT-123.06-37.31 -230 PBT-646.79-448.12 -44 NP-407.19-310.49 -31

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Board of Western India Shipyard approves preferential issue of shares and warrants
Dec 09,2016

Western India Shipyard announced that the Board of Directors of the Company at the meeting held on 09 December 2016, inter-alia, approved the following :

1. The Board approved the preferential issue and allotment of upto maximum 9,25,00,000 equity shares of Rs. 2/- each at par to Bermaco Energy, subject to the approval of the shareholders at the ensuing Annual General Meeting of the Company.

2. The Board further approved the preferential issue and allotment of upto maximum 3,25,00,000 share warrants carrying a right to subscribe to an equivalent number of equity shares of the face value of Rs. 2 at a price to be determined in accordance with the SEBI (ICDR) Regulations, subject to the approval of the shareholders at the ensuing Annual General Meeting of the Company.

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FPIs continue buying
Dec 09,2016

Foreign portfolio investors (FPIs) bought stocks worth a net Rs 733.18 crore from the secondary equity markets on 8 December 2016, compared with their net inflow of Rs 229.95 crore during the preceding trading session on 7 December 2016. The net inflow of Rs 733.18 crore on 8 December 2016 was a result of gross purchases of Rs 4342.68 crore and gross sales of Rs 3609.50 crore. On that day, the Sensex surged 457.41 points or 1.74% to settle at 26,694.28, its highest closing level since 11 November 2016.

There was an inflow of Rs 10 crore from the category primary markets & others on 8 December 2016.

FPIs have sold stocks worth a net Rs 48.69 crore into the secondary equity markets in this month so far (till 8 December 2016). FPIs bought shares worth a net Rs 20116.27 crore from the secondary equity markets last month. FPIs have purchased shares worth a net Rs 21006.09 crore from the secondary equity markets in calendar year 2016 so far (till 8 December 2016). FPIs sold shares worth a net Rs 4863.71 crore into the secondary equity markets in calendar year 2015.

There has been a net inflow of Rs 187.23 crore from FPIs into the category primary markets & others in this month so far (till 8 December 2016). There was a net inflow of Rs 1872.02 crore from FPIs into the category primary markets & others last month. The net inflow from FPIs into category primary markets & others has totaled Rs 7874.92 crore in calendar year 2016 so far (till 8 December 2016). There was net inflow of Rs 22168.40 crore from FPIs into the category primary markets & others in calendar year 2015.

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Deep Industries announces closure of QIP issue
Dec 09,2016

Deep Industries announced that the QIP Committee of Board of Directors at its meeting held on 09 December 2016 approved the issue price of Rs 228 per equity share (including premium of Rs 218 per share) after a discount of 5% to the floor price of Rs 239.80 for issuance and allocation of 28 lakh equity shares to eligible QIBs under QIP issue aggregating Rs 63.84 crore. Declared the closure of QIP issue on 09 December 2016. Approved and adopted the placement document dated 09 December 2016 in connection with QIP.

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Brahmanand Himghar to announce September quarter and half year results
Dec 09,2016

Brahmanand Himghar announced that the Meeting of the Board of Directors of the Company will be held on 14 December 2016, to consider and approve the Un-Audited Financial Results of the Company for the Quarter and half year ended 30 September 2016.

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Board of Polo Hotels allots equity shares on conversion of preference shares
Dec 09,2016

Polo Hotels announced that the Board of Directors of the Company at its meeting held on 09 December 2016 approved allotment of 88,88,889 equity shares of Rs 10 each amount to Rs 8.88 crore being addition to the paid up capital of the Company post conversion of compulsorily convertible preference shares of Rs 10 each to the promoters of the Company.

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