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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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Dwarikesh Sugar Industries standalone net profit declines 5.44% in the September 2016 quarter
Oct 22,2016

Net profit of Dwarikesh Sugar Industries declined 5.44% to Rs 37.36 crore in the quarter ended September 2016 as against Rs 39.51 crore during the previous quarter ended September 2015. Sales rose 54.56% to Rs 242.59 crore in the quarter ended September 2016 as against Rs 156.96 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales242.59156.96 55 OPM %18.4837.68 - PBDT44.8348.05 -7 PBT37.3639.51 -5 NP37.3639.51 -5

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Sanghi Corporate Services reports standalone net profit of Rs 0.03 crore in the September 2016 quarter
Oct 22,2016

Net profit of Sanghi Corporate Services reported to Rs 0.03 crore in the quarter ended September 2016 as against net loss of Rs 0.13 crore during the previous quarter ended September 2015. Sales reported to Rs 0.01 crore in the quarter ended September 2016. There were no Sales reported during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.010 0 OPM %-1100.000 - PBDT-0.11-0.13 15 PBT-0.11-0.13 15 NP0.03-0.13 LP

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Yash Papers standalone net profit rises 107.27% in the September 2016 quarter
Oct 22,2016

Net profit of Yash Papers rose 107.27% to Rs 1.14 crore in the quarter ended September 2016 as against Rs 0.55 crore during the previous quarter ended September 2015. Sales declined 1.23% to Rs 40.81 crore in the quarter ended September 2016 as against Rs 41.32 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales40.8141.32 -1 OPM %16.1014.35 - PBDT3.342.17 54 PBT1.650.79 109 NP1.140.55 107

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Satin Creditcare Network gets revision in credit ratings
Oct 22,2016

Satin Creditcare Network has received received revision in credit ratings from CARE.

Long term bank facilities (Rs 2200 crore) - CARE A- (Revised from CARE BBB+)

Preference share capital (Rs 25 crore) - CARE BBB+ [RPS] (Revised from CARE BBB[RPS])

Non Convertible Debentures (Rs 452 crore) - CARE A- (Revised from CARE BBB+)

Non Convertible Debentures (subordinated debt) (Rs 21 crore) - CARE BBB+ (Revised from CARE BBB)

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PC Jeweller to open new showroom in Agra
Oct 22,2016

PC Jeweller announced the opening of its 68th new showroom on 25 October 2016 in Agra, Uttar Pradesh.

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Mipco Seamless Rings (Gujarat) announces resignation of company secretary & compliance officer
Oct 22,2016

Mipco Seamless Rings (Gujarat) announced that Ereena Vikram, Company Secretary & Compliance officer of the Company has resigned from office w.e.f. 02 September 2016.

Due to her resignation, the Board of Directors of the Company has designated Sanjiv Kumar Tandon, Director as Compliance Officer of the Company.

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SE Investments standalone net profit rises 8.86% in the September 2016 quarter
Oct 22,2016

Net profit of SE Investments rose 8.86% to Rs 15.85 crore in the quarter ended September 2016 as against Rs 14.56 crore during the previous quarter ended September 2015. Sales rose 22.82% to Rs 60.17 crore in the quarter ended September 2016 as against Rs 48.99 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales60.1748.99 23 OPM %67.5171.71 - PBDT19.3117.58 10 PBT19.2117.48 10 NP15.8514.56 9

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SE Investments consolidated net profit rises 15.56% in the September 2016 quarter
Oct 22,2016

Net profit of SE Investments rose 15.56% to Rs 17.23 crore in the quarter ended September 2016 as against Rs 14.91 crore during the previous quarter ended September 2015. Sales rose 27.99% to Rs 65.57 crore in the quarter ended September 2016 as against Rs 51.23 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales65.5751.23 28 OPM %65.2070.31 - PBDT20.0518.02 11 PBT19.9517.92 11 NP17.2314.91 16

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Available Finance standalone net profit declines 71.43% in the September 2016 quarter
Oct 22,2016

Net profit of Available Finance declined 71.43% to Rs 0.02 crore in the quarter ended September 2016 as against Rs 0.07 crore during the previous quarter ended September 2015. Sales declined 38.54% to Rs 0.59 crore in the quarter ended September 2016 as against Rs 0.96 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.590.96 -39 OPM %88.1492.71 - PBDT0.030.11 -73 PBT0.020.10 -80 NP0.020.07 -71

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Madhusudan Securities reports standalone net loss of Rs 0.04 crore in the September 2016 quarter
Oct 22,2016

Net Loss of Madhusudan Securities reported to Rs 0.04 crore in the quarter ended September 2016 as against net loss of Rs 0.01 crore during the previous quarter ended September 2015. There were no Sales reported in the quarter ended September 2016 as against Rs 0.20 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales00.20 -100 OPM %0-10.00 - PBDT-0.04-0.01 -300 PBT-0.04-0.01 -300 NP-0.04-0.01 -300

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Incap to hold board meeting
Oct 22,2016

Incap will hold a meeting of the Board of Directors of the Company on 29 October 2016, to consider, approve and take on records the Unaudited Financial results of the Company for the quarter ended on 30 September 2016.

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Lux Industries to hold board meeting
Oct 22,2016

Lux Industries will hold a meeting of the Board of Directors of the Company on 10 November 2016, to consider and take on record the un-audited Financial Results of the Company for the quarter ended on 30 September 2016.

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Cerebra Integrated Technologies to hold board meeting
Oct 22,2016

Cerebra Integrated Technologies will hold a meeting of the Board of Directors of the Company on 3 November 2016, to consider the Un-audited financial results for the 2nd Quarter ended 30 September 2016 and any other matter.

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Take Solutions to hold board meeting
Oct 22,2016

Take Solutions will hold a meeting of the Board of Directors of the Company on 3 November 2016, to consider the Unaudited Financial Results for the quarter ended 30 September 2016

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Balmer Lawrie Investment to hold board meeting
Oct 22,2016

Balmer Lawrie Investment will hold a meeting of the Board of Directors of the Company on 3 November 2016, to consider and approve the unaudited financial results of the Company for the second quarter ended 30 September 2016 (subject to prior review by the Audit Committee on the same day).

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