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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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DE Nora India to conduct AGM
Aug 10,2017

DE Nora India announced that the Annual General Meeting (AGM) of the company will be held on 27 September 2017.

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Mac Charles (India) schedules AGM
Aug 10,2017

Mac Charles (India) announced that the Annual General Meeting (AGM) of the company will be held on 25 September 2017.

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Board of Accelya Kale Solutions recommends final dividend
Aug 10,2017

Accelya Kale Solutions announced that the Board of Directors of the Company at its meeting held on 9 August 2017, inter alia, have recommended the final dividend of Rs 40 per equity Share (i.e. 400%), subject to the approval of the shareholders.

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Centrum Capital rises on buying from ICICI Prudential MF
Aug 10,2017

Meanwhile, the S&P BSE Sensex was down 107.96 points or 0.34% at 31,689.88. The S&P BSE Small-Cap index fell 157.89 points or 1.01% at 15,476.61.

On the BSE, 38.52 lakh shares were traded on the counter so far as against the average daily volumes of 17.75 lakh shares in the past one quarter. The stock had hit a high of Rs 61.95 and a low of Rs 58.80 so far during the day. The stock had hit a record high of Rs 62.70 on 9 August 2017 and a 52-week low of Rs 20.10 on 25 August 2016.

The stock had outperformed the market over the past one month till 9 August 2017, advancing 22.76% compared with the Sensexs 1.39% rise. The stock had also outperformed the market over the past one quarter, gaining 18.55% as against the Sensexs 6.23% rise. The scrip had also outperformed the market over the past one year, advancing 155.65% as against the Sensexs 13.22% rise.

The small-cap company has equity capital of Rs 41.60 crore. Face value per share is Rs 1.

Centrum Capitals net profit jumped 1113.1% to Rs 30.45 crore on 382.3% growth in total income to Rs 99.17 crore in Q4 March 2017 over Q4 March 2016.

Centrum Capital is a Sebi registered category I merchant banker. It has expertise across equity & debt spectrum with capabilities in equity capital markets, M&A advisory, corporate finance & advisory, primary & secondary debt placement, project finance and corporate debt restructuring. Its retail arm provides integrated solutions for private wealth management, portfolio management, stock broking and foreign exchange.

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Incap to convene AGM
Aug 10,2017

Incap announced that the Annual General Meeting (AGM) of the company will be held on 23 September 2017.

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AVI Polymers to convene board meeting
Aug 10,2017

AVI Polymers will hold a meeting of the Board of Directors of the Company on 14 August 2017, to consider and approve the unaudited Financial Results for the quarter ended on 30th June, 2017

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Dhanvarsha Finvest announces board meeting date
Aug 10,2017

Dhanvarsha Finvest will hold a meeting of the Board of Directors of the Company on 14 August 2017, to consider unaudited financial results for the quarter ended on 30th June 2017

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Adcon Capital Services to announce Quarterly Result
Aug 10,2017

Adcon Capital Services will hold a meeting of the Board of Directors of the Company on 19 August 2017.

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Radhagobind Commercial announces board meeting date
Aug 10,2017

Radhagobind Commercial will hold a meeting of the Board of Directors of the Company on 14 August 2017.

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Boston Leasing & Finance to declare Quarterly Result
Aug 10,2017

Boston Leasing & Finance will hold a meeting of the Board of Directors of the Company on 14 August 2017, to consider unaudited financial results for the quarter ended on 30th June 2017.

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Picturehouse Media to conduct AGM
Aug 10,2017

Picturehouse Media announced that the 18th Annual General Meeting (AGM) of the company will be held on 28 September 2017.

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Navketan Merchants to conduct board meeting
Aug 10,2017

Navketan Merchants will hold a meeting of the Board of Directors of the Company on 14 August 2017, to consider and approve the Unaudited Financial results of the Company for quarter Ended 30th June, 2017 and any other business with the permission of the Chair.

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Sharanam Infraproject & Trading schedules board meeting
Aug 10,2017

Sharanam Infraproject & Trading will hold a meeting of the Board of Directors of the Company on 14 August 2017, to consider, adopt and approve Un-audited Financial Results for the quarter ended on 30th June, 2017.

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ITD Cementation gains after robust Q2 results
Aug 10,2017

The result was announced after market hours yesterday, 9 August 2017.

Meanwhile, the S&P BSE Sensex was down 119.92 points, or 0.38% to 31,677.92.

On the BSE, 4.66 lakh shares were traded in the counter so far, compared with average daily volumes of 51,092 shares in the past one quarter. The stock had hit a high of Rs 157.25 and a low of Rs 149.50 so far during the day. The stock hit a record high of Rs 193.35 on 2 May 2017. The stock hit a 52-week low of Rs 126.20 on 9 November 2016.

The stock had underperformed the market over the past one month till 9 August 2017, falling 13.82% compared with 0.16% rise in the Sensex. The scrip had also underperformed the market in past one quarter, falling 18.69% as against Sensexs 5.11% rise. The scrip had outperformed the market in past one year, rising 4.48% as against Sensexs 14.48% rise.

The small-cap company has equity capital of Rs 15.52 crore. Face value per share is Re 1.

ITD Cementation India said it had an order book of Rs 8212.10 crore as on 30 June 2017 executable over a period of 30 months.

ITD Cementation India is engaged in the construction of marine structures, highways, bridges & flyovers, metros, airports, hydro-tunneling, dams & canals, water & waste water segment, industrial structures, buildings and specialist foundation engineering projects.

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Shares of Security and Intelligence Services (India) get listed
Aug 10,2017

The equity shares of Security & Intelligence Services (India) (Scrip Code: 540673) are listed effective 10 August 2017 and admitted to dealings on the Exchange in the list of B Group Securities.

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