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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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Amani Trading & Exports to hold board meeting
Oct 31,2016

Amani Trading & Exports will hold a meeting of the Board of Directors of the Company on 9 November 2016, to consider, approve and take on record the unaudited financial results of the Company for the quarter ended and half year ended on 30 September 2016 alongwith limited review report.

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Sika Interplant Systems to hold board meeting
Oct 31,2016

Sika Interplant Systems will hold a meeting of the Board of Directors of the Company on 8 November 2016, to take on record Unaudited financial results for the quarter ended 30 September 2016.

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Nilkamal to hold board meeting
Oct 31,2016

Nilkamal will hold a meeting of the Board of Directors of the Company on 5 November 2016, to consider and take on record Unaudited Financial Results for the quarter and half year ended 30 September 2016.

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GEE to hold board meeting
Oct 31,2016

GEE will hold a meeting of the Board of Directors of the Company on 10 November 2016, to take on record the Unaudited Financial Results for the half year ended 30 September 2016.

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Diamines & Chemicals to hold board meeting
Oct 31,2016

Diamines & Chemicals will hold a meeting of the Board of Directors of the Company on 8 November 2016, to consider and approve the unaudited Financial Results for the Quarter ended on 30 September 2016.

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Gujchem Distillers India to hold board meeting
Oct 31,2016

Gujchem Distillers India will hold a meeting of the Board of Directors of the Company on 11 November 2016, to consider Un-audited financial results of the Company for the Quarter and Half-year ended on 30 September 2016 &

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Alembic to hold board meeting
Oct 31,2016

Alembic 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 half year ended on 30 September 2016.

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VXL Instruments reports standalone net loss of Rs 1.34 crore in the September 2016 quarter
Oct 31,2016

Net Loss of VXL Instruments reported to Rs 1.34 crore in the quarter ended September 2016 as against net loss of Rs 1.91 crore during the previous quarter ended September 2015. Sales rose 0.95% to Rs 13.88 crore in the quarter ended September 2016 as against Rs 13.75 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales13.8813.75 1 OPM %-7.20-11.64 - PBDT-1.26-1.83 31 PBT-1.34-1.91 30 NP-1.34-1.91 30

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Ashika Credit Capital reports standalone net profit of Rs 1.51 crore in the September 2016 quarter
Oct 31,2016

Net profit of Ashika Credit Capital reported to Rs 1.51 crore in the quarter ended September 2016 as against net loss of Rs 5.90 crore during the previous quarter ended September 2015. Sales declined 35.90% to Rs 0.25 crore in the quarter ended September 2016 as against Rs 0.39 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.250.39 -36 OPM %604.00-1512.82 - PBDT1.51-5.90 LP PBT1.51-5.90 LP NP1.51-5.90 LP

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Mangalya Soft-Tech reports standalone nil net profit/loss in the September 2016 quarter
Oct 31,2016

Mangalya Soft-Tech 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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Mangalya Soft-Tech reports standalone nil net profit/loss in the September 2016 quarter
Oct 31,2016

Mangalya Soft-Tech 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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Naina Semiconductor standalone net profit declines 75.00% in the September 2016 quarter
Oct 31,2016

Net profit of Naina Semiconductor declined 75.00% to Rs 0.01 crore in the quarter ended September 2016 as against Rs 0.04 crore during the previous quarter ended September 2015. Sales rose 17.29% to Rs 1.56 crore in the quarter ended September 2016 as against Rs 1.33 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales1.561.33 17 OPM %8.3313.53 - PBDT0.020.05 -60 PBT0.010.04 -75 NP0.010.04 -75

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NEPC India reports standalone net loss of Rs 0.05 crore in the September 2016 quarter
Oct 31,2016

Net Loss of NEPC India reported to Rs 0.05 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 and during the previous quarter ended September 2015.

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SKP Securities consolidated net profit rises 122.22% in the September 2016 quarter
Oct 31,2016

Net profit of SKP Securities rose 122.22% to Rs 0.40 crore in the quarter ended September 2016 as against Rs 0.18 crore during the previous quarter ended September 2015. Sales rose 15.60% to Rs 2.52 crore in the quarter ended September 2016 as against Rs 2.18 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales2.522.18 16 OPM %28.1715.60 - PBDT0.650.33 97 PBT0.580.29 100 NP0.400.18 122

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Deccan Bearings reports standalone net loss of Rs 0.30 crore in the September 2016 quarter
Oct 31,2016

Net Loss of Deccan Bearings reported to Rs 0.30 crore in the quarter ended September 2016 as against net loss of Rs 0.17 crore during the previous quarter ended September 2015. Sales rose 45.45% to Rs 0.48 crore in the quarter ended September 2016 as against Rs 0.33 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.480.33 45 OPM %-56.25-42.42 - PBDT-0.27-0.14 -93 PBT-0.30-0.17 -76 NP-0.30-0.17 -76

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