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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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Atlas Jewellery India to hold board meeting
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Atlas Jewellery India will hold a meeting of the Board of Directors of the Company on 6 November 2016 Un-Audited Financial Results of the Company for the second quarter ended on September 30, 2016.

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Modern Steels to hold board meeting
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Modern Steels will hold a meeting of the Board of Directors of the Company on 7 November 2016 to consider and approve the Un-audited Financial Results (Reviewed) of the Company for the quarter / half year ended September 30, 2016.

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Modern Dairies to hold board meeting
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Modern Dairies will hold a meeting of the Board of Directors of the Company on 7 November 2016 to consider and approve the Un-audited Financial Results (Reviewed) of the Company for the quarter / half year ended September 30, 2016.

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Microse India to hold board meeting
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Microse India will hold a meeting of the Board of Directors of the Company on 11 November 2016 to consider and approve the Unaudited Financial Results for the quarter and half year ended September 30, 2016.

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Voltaire Leasing & Finance to hold board meeting
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Voltaire Leasing & Finance will hold a meeting of the Board of Directors of the Company on 10 November 2016 Audited Financial Results (Provisional) for the Second quarter ended on September 30, 2016 for the financial year 2016-17.

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Board of Hindustan Zinc recommends dividend
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Hindustan Zinc announced that the Board of Directors of the Company at its meeting held on , inter alia, have recommended the dividend of Rs 1.9 per equity Share (i.e. 95%) , subject to the approval of the shareholders.

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Sarda Plywood Industries to hold board meeting
Oct 28,2016

Sarda Plywood Industries will hold a meeting of the Board of Directors of the Company on 8 November 2016 to consider the Unaudited Financial Results of the Company for the quarter/half year ended September 30, 2016.

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Ansal Buildwell to hold board meeting
Oct 28,2016

Ansal Buildwell will hold a meeting of the Board of Directors of the Company on 11 November 2016 to consider and approve the Unaudited Financial Results of the Company for the quarter and six months ended September 30, 2016.

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JM Financial standalone net profit rises 950.91% in the September 2016 quarter
Oct 28,2016

Net profit of JM Financial rose 950.91% to Rs 51.81 crore in the quarter ended September 2016 as against Rs 4.93 crore during the previous quarter ended September 2015. Sales rose 917.03% to Rs 56.14 crore in the quarter ended September 2016 as against Rs 5.52 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales56.145.52 917 OPM %107.32238.59 - PBDT51.695.08 918 PBT51.524.98 935 NP51.814.93 951

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Texmaco Infrastructure & Holdings standalone net profit declines 16.29% in the September 2016 quarter
Oct 28,2016

Net profit of Texmaco Infrastructure & Holdings declined 16.29% to Rs 4.78 crore in the quarter ended September 2016 as against Rs 5.71 crore during the previous quarter ended September 2015. Sales rose 7.38% to Rs 4.80 crore in the quarter ended September 2016 as against Rs 4.47 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales4.804.47 7 OPM %62.2965.10 - PBDT6.817.60 -10 PBT6.186.97 -11 NP4.785.71 -16

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Bharat Gears reports standalone net loss of Rs 2.78 crore in the September 2016 quarter
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Net Loss of Bharat Gears reported to Rs 2.78 crore in the quarter ended September 2016 as against net loss of Rs 0.70 crore during the previous quarter ended September 2015. Sales declined 2.21% to Rs 95.70 crore in the quarter ended September 2016 as against Rs 97.86 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales95.7097.86 -2 OPM %3.766.49 - PBDT0.163.07 -95 PBT-4.04-1.07 -278 NP-2.78-0.70 -297

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JM Financial consolidated net profit rises 17.88% in the September 2016 quarter
Oct 28,2016

Net profit of JM Financial rose 17.88% to Rs 114.65 crore in the quarter ended September 2016 as against Rs 97.26 crore during the previous quarter ended September 2015. Sales rose 45.29% to Rs 513.60 crore in the quarter ended September 2016 as against Rs 353.50 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales513.60353.50 45 OPM %83.2182.18 - PBDT234.72172.62 36 PBT228.99167.55 37 NP114.6597.26 18

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Eicher Motors consolidated net profit rises 45.19% in the September 2016 quarter
Oct 28,2016

Net profit of Eicher Motors rose 45.19% to Rs 413.16 crore in the quarter ended September 2016 as against Rs 284.56 crore during the previous quarter ended September 2015. Sales rose 35.14% to Rs 1748.44 crore in the quarter ended September 2016 as against Rs 1293.77 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales1748.441293.77 35 OPM %31.0127.11 - PBDT607.82392.41 55 PBT571.97366.13 56 NP413.16284.56 45

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Vyapar Industries reports standalone net profit of Rs 0.05 crore in the September 2016 quarter
Oct 28,2016

Net profit of Vyapar Industries reported to Rs 0.05 crore in the quarter ended September 2016. There were no net profit/loss reported during the previous quarter ended September 2015. There were no Sales reported in the quarter ended September 2016 as against Rs 10.52 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales010.52 -100 OPM %0-3.52 - PBDT0.070.01 600 PBT0.060 0 NP0.050 0

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Gyan Developers & Builders reports standalone net loss of Rs 0.08 crore in the September 2016 quarter
Oct 28,2016

Net Loss of Gyan Developers & Builders reported to Rs 0.08 crore in the quarter ended September 2016 as against net loss of Rs 0.02 crore during the previous quarter ended September 2015. There were no Sales reported in the quarter ended September 2016 as against Rs 0.12 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales00.12 -100 OPM %0-8.33 - PBDT-0.07-0.01 -600 PBT-0.08-0.02 -300 NP-0.08-0.02 -300

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