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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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Gold Rock Investments reports standalone net profit of Rs 0.33 crore in the December 2016 quarter
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Net profit of Gold Rock Investments reported to Rs 0.33 crore in the quarter ended December 2016. There were no net profit/loss reported during the previous quarter ended December 2015. Sales declined 16.67% to Rs 0.15 crore in the quarter ended December 2016 as against Rs 0.18 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales0.150.18 -17 OPM %033.33 - PBDT0.370.05 640 PBT0.330 0 NP0.330 0

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Shree Rajasthan Syntex reports standalone net profit of Rs 0.10 crore in the December 2016 quarter
Feb 10,2017

Net profit of Shree Rajasthan Syntex reported to Rs 0.10 crore in the quarter ended December 2016 as against net loss of Rs 1.40 crore during the previous quarter ended December 2015. Sales declined 20.04% to Rs 53.33 crore in the quarter ended December 2016 as against Rs 66.70 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales53.3366.70 -20 OPM %9.812.08 - PBDT1.37-0.71 LP PBT0.13-2.05 LP NP0.10-1.40 LP

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Ledo Tea Company reports standalone net loss of Rs 0.23 crore in the December 2016 quarter
Feb 10,2017

Net loss of Ledo Tea Company reported to Rs 0.23 crore in the quarter ended December 2016 as against net profit of Rs 0.04 crore during the previous quarter ended December 2015. Sales declined 15.20% to Rs 2.79 crore in the quarter ended December 2016 as against Rs 3.29 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales2.793.29 -15 OPM %-2.156.08 - PBDT-0.170.10 PL PBT-0.230.04 PL NP-0.230.04 PL

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Bosch standalone net profit declines 19.94% in the December 2016 quarter
Feb 10,2017

Net profit of Bosch declined 19.94% to Rs 218.19 crore in the quarter ended December 2016 as against Rs 272.53 crore during the previous quarter ended December 2015. Sales rose 7.16% to Rs 2619.35 crore in the quarter ended December 2016 as against Rs 2444.30 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales2619.352444.30 7 OPM %10.1814.12 - PBDT431.88482.65 -11 PBT302.50376.74 -20 NP218.19272.53 -20

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Deccan Cements standalone net profit rises 76.32% in the December 2016 quarter
Feb 10,2017

Net profit of Deccan Cements rose 76.32% to Rs 11.02 crore in the quarter ended December 2016 as against Rs 6.25 crore during the previous quarter ended December 2015. Sales rose 3.77% to Rs 130.52 crore in the quarter ended December 2016 as against Rs 125.78 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales130.52125.78 4 OPM %17.8816.92 - PBDT22.1818.31 21 PBT16.9313.10 29 NP11.026.25 76

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Berger Paints India standalone net profit declines 5.72% in the December 2016 quarter
Feb 10,2017

Net profit of Berger Paints India declined 5.72% to Rs 95.93 crore in the quarter ended December 2016 as against Rs 101.75 crore during the previous quarter ended December 2015. Sales rose 4.19% to Rs 1045.00 crore in the quarter ended December 2016 as against Rs 1002.99 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales1045.001002.99 4 OPM %15.6217.37 - PBDT169.89178.40 -5 PBT145.41155.76 -7 NP95.93101.75 -6

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Berger Paints India consolidated net profit declines 2.02% in the December 2016 quarter
Feb 10,2017

Net profit of Berger Paints India declined 2.02% to Rs 109.12 crore in the quarter ended December 2016 as against Rs 111.37 crore during the previous quarter ended December 2015. Sales rose 5.17% to Rs 1170.20 crore in the quarter ended December 2016 as against Rs 1112.67 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales1170.201112.67 5 OPM %15.6917.21 - PBDT187.30193.16 -3 PBT160.13167.73 -5 NP109.12111.37 -2

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Siemens wins order worth Rs 101 crore
Feb 10,2017

Siemens announced that it has won an order worth approximately Rs. 101 crore from Delhi Transco (DTL). The order includes installing 220/66/33kV Gas Insulated Switchgear (GIS) substation at R.K. Puram, New Delhi.

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Indiabulls Housing Finance allots 15,500 equity shares
Feb 10,2017

Indiabulls Housing Finance announced that on February 10, 2017, the Company, has issued and allotted 15,500 (Fifteen Thousand and Five Hundred only) Equity shares of face value INR 2/- each, to eligible employees upon exercise of options vested in their favour under different ESOP Schemes of the Company.

Consequent to the said allotment, the paid-up Equity Share Capital of the Company stands increased to INR 84,75,88,870/- divided into 42,37,94,435 Equity Shares of face value INR 2/- each.

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Rishiroop allots 3,84,610 equity shares
Feb 10,2017

Rishiroop announced that the Securities Issue Committee at its meeting held on 10 February 2017 approved the allotment of 3,84,610 equity shares of Rs 10 each to holders of Optionally Convertible Preference Shares under scheme of amalgamation. Consequent to the above allotment, the equity shares capital has increased to 94,25,132 equity shares of Rs 10 each aggregating to Rs 9.42 crore.

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Shree Rajasthan Syntex allots 6.5 lakh shares
Feb 10,2017

Shree Rajasthan Syntex announced that the Board of Directors of Company in their meeting held on 10 February 2017, has allotted 6,50,000 equity shares of the face value of Rs. 10/- each at Rs. 10/- per share pursuant to conversion of 6,50,000 Warrants (ratio of 1 equity share for every 1 convertible warrant, for which Special Resolution was passed by the Members at the 36th Annual General Meeting of the Company held on 26 September 2016, to promoter / promoter group on preferential basis from whom the balance monies have been received before the date of allotment.

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Sudarshan Chemical Industries to pay interim dividend
Feb 10,2017

Sudarshan Chemical Industries announced that the Dividend Payment Date will be on or before 11 March 2017.

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Aaswa Trading and Exports reports standalone nil net profit/loss in the December 2016 quarter
Feb 10,2017

Aaswa Trading and Exports reported no net profit/loss in the quarter ended December 2016 as against net loss of Rs 0.01 crore during the previous quarter ended December 2015. Sales rose 70.37% to Rs 2.30 crore in the quarter ended December 2016 as against Rs 1.35 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales2.301.35 70 OPM %-0.87-2.22 - PBDT0-0.01 100 PBT0-0.01 100 NP0-0.01 100

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Bank of Baroda reports standalone net profit of Rs 252.67 crore in the December 2016 quarter
Feb 10,2017

Net profit of Bank of Baroda reported to Rs 252.67 crore in the quarter ended December 2016 as against net loss of Rs 3342.04 crore during the previous quarter ended December 2015. Total Operating Income declined 1.96% to Rs 10406.08 crore in the quarter ended December 2016 as against Rs 10614.04 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Total Operating Income10406.0810614.04 -2 OPM %57.7822.00 - PBDT515.71-4460.41 LP PBT515.71-4460.41 LP NP252.67-3342.04 LP

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