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Sudarshan Chemical hits record high as Morgan Stanley buys bulk shares
Aug 18,2016

Meanwhile, the S&P BSE Sensex was up 129.43 points or 0.46% at 28,134.80.

On BSE, so far 1.55 lakh shares were traded in the counter as against average daily volume of 1.67 lakh shares in the past one quarter. The stock hit a high of Rs 383 so far during the day, which is a record high for the counter. The stock hit a low of Rs 365.40 so far during the day. The stock had hit a 52-week low of Rs 78 on 12 February 2016. The stock had outperformed the market over the past one month till 17 August 2016, advancing 67.14% compared with 0.61% rise in the Sensex. The scrip had also outperformed the market in past one quarter, gaining 198.76% as against Sensexs 8.66% rise.

The small-cap company has equity capital of Rs 13.85 crore. Face value per share is Rs 2.

Sudarshan Chemical Industries net profit jumped 73% to Rs 31.51 crore on 14.1% growth in net sales to Rs 333.84 crore in Q1 June 2016 over Q1 June 2015.

Sudarshan Chemical Industries is one of the leading manufacturers of color & effect pigments in India. The companys products primarily serve the coatings, plastics, inks and cosmetics markets.

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Hindalco inches up after US subsidiary completes pricing of $1.15 billion bonds issue
Aug 18,2016

The announcement was made after market hours yesterday, 17 August 2016.

Meanwhile, the S&P BSE Sensex was up 126.43 points or 0.45% at 28,131.80.

On BSE, so far 20,000 shares were traded in the counter as against average daily volume of 16.16 lakh shares in the past two weeks. The stock hit a high of Rs 156.95 so far during the day, which is a 52-week high for the counter. The stock hit a low of Rs 156 so far during the day. The stock had hit a 52-week low of Rs 58.85 on 12 February 2016. The stock had outperformed the market over the past one month till 17 August 2016, advancing 13.67% compared with 0.61% rise in the Sensex. The scrip had also outperformed the market in past one quarter, gaining 74.87% as against Sensexs 8.66% rise.

The large-cap company has equity capital of Rs 206.50 crore. Face value per share is Rs 1.

The notes were priced at par value and will bear an interest rate of 6.25% per annum. Novelis intends to use the net proceeds of the offering to retire its outstanding 8.375% senior notes due 2017.

Hindalco Industries net profit jumped 381.3% to Rs 294.07 crore on 11.9% decline in net sales to Rs 7501.39 crore in Q1 June 2016 over Q1 June 2015.

A part of the Aditya Birla Group, Hindalco Industries is the worlds largest aluminium rolling company and one of the biggest producers of primary aluminium in Asia. Its copper smelter is amongst the largest single location custom smelter globally.

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Hindalco inches up after US subsidiary announces pricing of $1.15 billion bonds issue
Aug 18,2016

The announcement was made after market hours yesterday, 17 August 2016.

Meanwhile, the S&P BSE Sensex was up 126.43 points or 0.45% at 28,131.80.

On BSE, so far 20,000 shares were traded in the counter as against average daily volume of 16.16 lakh shares in the past two weeks. The stock hit a high of Rs 156.95 so far during the day, which is a 52-week high for the counter. The stock hit a low of Rs 156 so far during the day. The stock had hit a 52-week low of Rs 58.85 on 12 February 2016. The stock had outperformed the market over the past one month till 17 August 2016, advancing 13.67% compared with 0.61% rise in the Sensex. The scrip had also outperformed the market in past one quarter, gaining 74.87% as against Sensexs 8.66% rise.

The large-cap company has equity capital of Rs 206.50 crore. Face value per share is Rs 1.

The notes were priced at par value and will bear an interest rate of 6.25% per annum. Novelis intends to use the net proceeds of the offering to retire its outstanding 8.375% senior notes due 2017.

Hindalco Industries net profit jumped 381.3% to Rs 294.07 crore on 11.9% decline in net sales to Rs 7501.39 crore in Q1 June 2016 over Q1 June 2015.

A part of the Aditya Birla Group, Hindalco Industries is the worlds largest aluminium rolling company and one of the biggest producers of primary aluminium in Asia. Its copper smelter is amongst the largest single location custom smelter globally.

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RIL extends Tuesdays losses
Aug 17,2016

Meanwhile, the S&P BSE Sensex was down 59.64 points or 0.21% at 28,004.97.

On BSE, so far 4.43 lakh shares were traded in the counter as against average daily volume of 2.55 lakh shares in the past one quarter. The stock lost as much as 1.56% at the days low of Rs 1,008.20 so far during the day. The stock rose as much as 0.44% at the days high of Rs 1,028.80 so far during the day. The stock had hit a 52-week low of Rs 819 on 24 August 2015. The stock had hit a 52-week high of Rs 1,089.50 on 15 January 2016. The stock had outperformed the market over the past one month till 16 August 2016, gaining 1.15% compared with 0.82% rise in the Sensex. The scrip had, however, underperformed the market in past one quarter, advancing 4.92% as against Sensexs 9.4% rise.

The large-cap company has equity capital of Rs 3242.95 crore. Face value per share is Rs 10.

Shares of Reliance Industries (RIL) have fallen 2.07% in two trading sessions from its close of Rs 1,034.95 on 12 August 2016 on media reports that the petroleum ministry has slapped a penalty of nearly $250 million on Reliance Industries (RIL) to make good the governments loss of profit petroleum owing to the firms inability to meet the natural gas production targets from the Krishna-Godavari (KG) D6 block. The stock had fallen 1.04% to settle at Rs 1,024.20 yesterday, 16 August 2016. The KG-D6 fields started production in April 2009. The current production of around 8 million metric standard cubic metres per day (mmscmd) is a far cry from the peak of over 69 mmscmd achieved in early 2010, reports suggested. The block was envisaged to produce more than 80 mmscmd of the fuel, reports indicated. Profit petroleum is the main source of revenue for the government from a hydrocarbon block.

On consolidated basis, RILs net profit rose 18.1% to Rs 7113 crore on 15.2% decline in net sales to Rs 64990 crore in Q1 June 2016 over Q1 June 2015.

RIL is a diversified firm having presence in oil exploration, petrochemicals, retail and telecom sectors.

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RCom gains after introducing Next-Gen App to App calling
Aug 17,2016

The announcement was made during market hours today, 17 August 2016.

Meanwhile, the BSE Sensex was down 42.15 points, or 0.15%, to 28,022.46.

On BSE, so far 15.7 lakh shares were traded in the counter, compared with an average volume of 26.35 lakh shares in the past one quarter. The stock hit a high of Rs 49.30 and a low of Rs 47.70 so far during the day. The stock hit a 52-week high of Rs 91.80 on 1 January 2016. The stock hit a record low of Rs 45.55 on 24 June 2016. The stock had underperformed the market over the past one month till 16 August 2016, falling 7.25% compared with 0.82% rise in the Sensex. The scrip had also underperformed the market in past one quarter, dropping 6.07% as against the Sensexs 9.4% rise.

The large-cap company has equity capital of Rs 1244.49 crore. Face value per share is Rs 5.

Reliance Communications (RCom) announced the introduction of Next-Gen APP-TO-APP CALLING in the country and worldwide, launching the Calling Ka Naya Tareeka offer for existing and new customers. With Calling Ka Naya Tareeka, customers will experience significantly better app-to-app voice calls with high-definition (HD) quality and instant connections.

Further, RComs 4G LTE network in the 850-MHz spectrum band, considered worldwide as the most optimal frequency for Next-Gen voice and data services will provide an unparalleled user experience.

Commencing on its pan-India launch of the India-first Calling Ka Naya Tareeka offer, RCom is offering HD app-to-app calling at an introductory price of just Rs 39 for 300 minutes of calling in India, and anywhere in the world. In the fast-changing telecom space, the new plan will enable RComs customers to make calls worldwide through various popular data-based apps, such as JioChat, Whatsapp, FB Messenger, Skype, Google Hangouts, imo and Viber, amongst others.

With this launch, customers in Gujarat, riding on RComs world-best 4G LTE network will also be able to experience blazing data speeds on their mobile phones and other connected devices. RComs super-fast data speeds, delivered on the 850-MHz frequency band, will be available simply with a new SIM dispatch, delivered to their doorstep. To ensure an even richer voice and data usage experience, RCom is striking alliances with top e-Commerce companies and device manufacturers to drive the fast-evolving ecosystem.

To begin with, RComs Next-Gen services are being made available to customers across a range of smart devices, including mobile phones and the highly-successful Wi-Pod data access device. Special demo zones and kiosks have been installed at the companys Reliance stores across the country so that customers can get to experience the true power of the new launch. The widest and latest ranges of smartphones and data access devices are already available at all Reliance Mobile Store outlets.

RComs consolidated net profit fell 22.4% to Rs 177 crore on 1.8% decline in net sales to Rs 5579 crore in Q4 March 2016 over Q4 March 2015.

RCom is an integrated telecommunications service provider.

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RCom gains after introducing app-to-app voice calling
Aug 17,2016

The announcement was made during market hours today, 17 August 2016.

Meanwhile, the BSE Sensex was down 42.15 points, or 0.15%, to 28,022.46.

On BSE, so far 15.7 lakh shares were traded in the counter, compared with an average volume of 26.35 lakh shares in the past one quarter. The stock hit a high of Rs 49.30 and a low of Rs 47.70 so far during the day. The stock hit a 52-week high of Rs 91.80 on 1 January 2016. The stock hit a record low of Rs 45.55 on 24 June 2016. The stock had underperformed the market over the past one month till 16 August 2016, falling 7.25% compared with 0.82% rise in the Sensex. The scrip had also underperformed the market in past one quarter, dropping 6.07% as against the Sensexs 9.4% rise.

The large-cap company has equity capital of Rs 1244.49 crore. Face value per share is Rs 5.

Reliance Communications said that customers will experience significantly better app-to-app voice calls with high-definition (HD) quality and instant connections under the new plan called Calling Ka Naya Tareeka. Further, RComs 4G LTE network in the 850-MHz spectrum band will provide an unparalleled user experience, the company said. Under the new plan, RCom is offering HD app-to-app calling at an introductory price of Rs 39 for 300 minutes of calling in India and anywhere in the world. The new plan will enable RComs customers to make calls worldwide through various popular data-based apps, such as JioChat, Whatsapp, FB Messenger, Skype, Google Hangouts, imo and Viber, amongst others.

To begin with, RComs Next-Gen services are being made available to customers across a range of smart devices, including mobile phones and the highly-successful Wi-Pod data access device.

RComs consolidated net profit fell 22.4% to Rs 177 crore on 1.8% decline in net sales to Rs 5579 crore in Q4 March 2016 over Q4 March 2015.

RCom is an integrated telecommunications service provider.

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Syndicate Bank gains on plans to raise capital
Aug 17,2016

The announcement was made during market hours today, 17 August 2016.

Meanwhile, the BSE Sensex was down 74.65 points, or 0.27%, to 27,989.96.

On BSE, so far 1.75 lakh shares were traded in the counter, compared with an average volume of 4.5 lakh shares in the past one quarter. The stock hit a high of Rs 74.20 and a low of Rs 72.15 so far during the day. The stock hit a 52-week high of Rs 107 on 18 August 2015. The stock hit a 52-week low of Rs 49.40 on 17 February 2016. The stock had underperformed the market over the past one month till 16 August 2016, falling 10.35% compared with 0.82% rise in the Sensex. The scrip had, however, outperformed the market in past one quarter, gaining 13.86% as against the Sensexs 9.4% rise.

The mid-cap psu bank has an equity capital of Rs 798.50 crore. Face value per share is Rs 10.

Syndicate Bank said that committee of directors in a meeting today, 17 August 2016 fixed minimum issue price of Rs 73.18 per share for the proposed issue of equity shares to Government of India by way of preferential allotment. The banks board had on 4 August 2016 approved for issue of equity shares aggregating to Rs 776 crore. Based on the issue price of Rs 73.18 per share, 10.6 crore shares will be issued and allotted to the Government of India. The issue price was at a premium of 0.1% to the current ruling price of Rs 73.10.

Government of India currently holds 69.32% stake in Syndicate Bank and post issue of equity shares its stake would rise to 72.92%.

Syndicate Banks net profit fell 73.8% to Rs 79.13 crore on 1.5% rise in total income to Rs 6419.12 crore in Q1 June 2016 over Q1 June 2015.

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Syndicate Bank gains after fixing issue price for preferential allotment to government
Aug 17,2016

The announcement was made during market hours today, 17 August 2016.

Meanwhile, the BSE Sensex was down 74.65 points, or 0.27%, to 27,989.96.

On BSE, so far 1.75 lakh shares were traded in the counter, compared with an average volume of 4.5 lakh shares in the past one quarter. The stock hit a high of Rs 74.20 and a low of Rs 72.15 so far during the day. The stock hit a 52-week high of Rs 107 on 18 August 2015. The stock hit a 52-week low of Rs 49.40 on 17 February 2016. The stock had underperformed the market over the past one month till 16 August 2016, falling 10.35% compared with 0.82% rise in the Sensex. The scrip had, however, outperformed the market in past one quarter, gaining 13.86% as against the Sensexs 9.4% rise.

The mid-cap state-run bank has equity capital of Rs 798.50 crore. Face value per share is Rs 10.

Syndicate Bank said that a committee of directors at a meeting today, 17 August 2016, fixed issue price of Rs 73.18 per share for the proposed issue of equity shares to Government of India by way of preferential allotment. The banks board had on 4 August 2016 approved issue of equity shares aggregating to Rs 776 crore to Government of India. Based on the issue price of Rs 73.18 per share, 10.6 crore shares will be issued and allotted to the Government of India. The issue price is at a premium of 0.1% to the ruling price of Rs 73.10.

Government of India currently holds 69.32% stake in Syndicate Bank and after the preferential issue its stake would rise to 72.92%.

Syndicate Banks net profit fell 73.8% to Rs 79.13 crore on 1.5% rise in total income to Rs 6419.12 crore in Q1 June 2016 over Q1 June 2015.

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Strong Q1 earnings boost OCL India
Aug 17,2016

The result was announced after market hours yesterday, 16 August 2016.

Meanwhile, the S&P BSE Sensex was down 99.44 points or 0.35% at 27,965.17.

On BSE, so far 23,000 shares were traded in the counter as against average daily volume of 4,959 shares in the past one quarter. The stock hit a high of Rs 795.05 and a low of Rs 775 so far during the day. The stock had hit a record high of Rs 800.75 on 26 July 2016. The stock had hit a 52-week low of Rs 390 on 25 February 2016. The stock had outperformed the market over the past one month till 16 August 2016, surging 17.99% compared with 0.82% rise in the Sensex. The scrip had also outperformed the market in past one quarter, advancing 40.72% as against Sensexs 9.4% rise.

The mid-cap company has equity capital of Rs 11.38 crore. Face value per share is Rs 2.

OCL India is in the business of cement and refractories.

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JSW Steel gains after completing acquisition of 74% stake in JSW Praxair Oxygen
Aug 17,2016

The announcement was made during market hours today, 17 August 2016.

Meanwhile, the S&P BSE Sensex was down 12.74 points or 0.05% at 28,051.87.

On BSE, so far 40.648 shares were traded in the counter as against average daily volume of 79,991 shares in the past two weeks. The stock hit a high of Rs 1,770, so far during the day, which is a record high for the stock. The stock hit low of Rs 1,741.50 so far during the day. The stock had hit a 52-week low of Rs 829.35 on 25 August 2015. The stock had outperformed the market over the past one month till 16 August 2016, rising 7.29% compared with 0.82% rise in the Sensex. The scrip had also outperformed the market in past one quarter, gaining 35.04% as against the Sensexs 9.4% rise.

JSW Steel has paid cash consideration of Rs 240 crore for the acquisition of 74% stake in JSW Praxair Oxygen Private Limited (JPOPL) from Praxair India Private Limited. Post acquisition, JPOPL has become a wholly owned subsidiary of JSW Steel. Earlier, JSW Steel held 26% of the equity shares of JPOPL. JSW Steel had announced during market hours yesterday, 16 August 2016, that it had executed a share purchase agreement for acquiring the entire 74% holding of Praxair India Private Limited in JPOPL.

JSW Steel said that the acquisition is strategic in nature as it will provide the company the benefit of backward integration. JSW Steel currently sources industrial gases from JPOPL amongst others at prices based on long term contracts. JPOPL is engaged in the business of production and sale of industrial gases such as oxygen, nitrogen and argon and has set up two air separation plants, each with a capacity of 2,500 tonnes per day, at Toranagallu, Bellary District, Karnataka.

On consolidated basis, JSW Steels net profit jumped 5133.6% to Rs 1109 crore on 2.4% rise in net sales to Rs 11542.38 crore in Q1 June 2016 over Q1 June 2015.

JSW Steel is an integrated steel company with an installed capacity of 18 million tonnes per annum.

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Infosys extends decline after losing a contract from RBS
Aug 17,2016

Meanwhile, the S&P BSE Sensex was down 63.79 points or 0.23% at 28,000.82.

On BSE, so far 1.39 lakh shares were traded in the counter as against average daily volume of 2.69 lakh shares in the past one quarter. The stock hit a high of Rs 1,051.90 and a low of Rs 1,035.30 so far during the day. The stock had hit a 52-week low of Rs 1,012.25 on 18 November 2015. The stock had hit a record high of Rs 1,278 on 3 June 2016. The stock had underperformed the market over the past one month till 16 August 2016, sliding 1.99% compared with 0.82% rise in the Sensex. The scrip had also underperformed the market in past one quarter, declining 13.43% as against Sensexs 9.4% rise.

The large-cap company has equity capital of Rs 1148.47 crore. Face value per share is Rs 5.

Shares of Infosys have declined 2.35% in two trading sessions from its close of Rs 1,063.30 on 12 August 2016 after the company announced before market hours yesterday, 16 August 2016, about losing a contract from Royal Bank of Scotland (RBS) as RBS decided not to pursue its plan to separate and list a new UK standalone bank, Williams & Glyn (W&G). The stock had fallen 1.16% to settle at Rs 1,050.95 yesterday, 16 August 2016, after the announcement. Subsequent to this decision by RBS, Infosys will carry out an orderly ramp-down of about 3,000 employees, primarily in India, over the next few months. Infosys was a W&G program technology partner for consulting, application delivery and testing services.

As per reports, the decision of RBS will impact revenues of Infosys for the year ending 31 March 2017 (FY 2017) by about $40 million.

On a consolidated basis, Infosys net profit fell 4.5% to Rs 3436 crore on 1.4% growth in revenue to Rs 16782 crore in Q1 June 2016 over Q4 March 2016. The results are as per International Financial Reporting Standards (IFRS).

Infosys is one of the leading information technology outsourcing services providers. The company provides business consulting, information technology and outsourcing services.

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Volumes jump at Religare Enterprises counter
Aug 17,2016

Religare Enterprises clocked volume of 2.61 lakh shares by 13:19 IST on BSE, a 94.2-times surge over two-week average daily volume of 3,000 shares. The stock lost 5.86% at Rs 227.30.

Bhageria Industries notched up volume of 2.68 lakh shares, a 16.71-fold surge over two-week average daily volume of 16,000 shares. The stock surged 16.7% at Rs 314.10.

Info Edge (India) saw volume of 91,000 shares, a 4.92-fold surge over two-week average daily volume of 18,000 shares. The stock lost 0.96% at Rs 842.20.

BF Utilities clocked volume of 6.75 lakh shares, a 4.8-fold surge over two-week average daily volume of 1.41 lakh shares. The stock jumped 11.34% at Rs 572.60.

GM Breweries saw volume of 1.02 lakh shares, a 4.72-fold rise over two-week average daily volume of 22,000 shares. The stock surged 6.65% at Rs 583.75.

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KNR Constructions scales record high
Aug 17,2016

Meanwhile, the S&P BSE Sensex was up 83.56 points or 0.28% at 28,141.81.

On BSE, so far 16,097 shares were traded in the counter as against average daily volume of 14,923 shares in the past one quarter. The stock hit a high of Rs 725.90, so far during the day, which is a record high for the stock. The stock hit a low of Rs 640 so far during the day. The stock had hit a 52-week low of Rs 408 on 12 February 2016. The stock had outperformed the market over the past one month till 16 August 2016, rising 12.91% compared with 0.82% rise in the Sensex. The scrip had also outperformed the market in past one quarter, gaining 21.75% as against the Sensexs 9.4% rise.

The mid-cap company has equity capital of Rs 28.17 crore. Face value per share is Rs 10.

Shares of KNR Constructions rose 2.97% to Rs 640.70 yesterday, 16 August 2016 after the company announced strong Q1 results. The companys net profit jumped 86.6% to Rs 30.21 crore on 73.9% growth in net sales to Rs 303.64 crore in Q1 June 2016 over Q1 June 2015. The result was announced on Sunday, 14 August 2016. The stock market remained closed on 15 August 2016, for a holiday.

KNR Constructions is an infrastructure development company providing engineering, procurement and construction services.

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S&P rating upgrade lifts Tata Motors
Aug 17,2016

Meanwhile, the S&P BSE Sensex was up 56.35 points or 0.2% at 28,120.96.

On BSE, so far 2.63 lakh shares were traded in the counter as against average daily volume of 8.71 lakh shares in the past one quarter. The stock hit a high of Rs 514.35 and a low of Rs 508.60 so far during the day. The stock had hit a 52-week high of Rs 522.20 on 8 August 2016. The stock had hit a 52-week low of Rs 266 on 11 February 2016. The stock had outperformed the market over the past one month till 16 August 2016, gaining 2.84% compared with 0.82% rise in the Sensex. The scrip had also outperformed the market in past one quarter, advancing 29.13% as against Sensexs 9.4% rise.

Global rating agency Standard & Poors Global Ratings (S&P) yesterday, 16 August 2016, upgraded its long-term corporate rating of Tata Motors to BB+ from BB earlier, citing improvement in Tata Motors competitive position following the better performance of its 100% subsidiary, Jaguar Land Rover Automotive PLC (JLR). S&P has simultaneously raised its issue rating on Tata Motors US-dollar-denominated senior unsecured notes to BB+ from BB. The outlook on the rating is stable. The stable outlook reflects S&Ps view that Tata Motors can maintain steady profitability, especially at JLR, supporting its financial position with ratio of funds from operations (FFO) to debt of about 40% over the next 12-24 months, the rating agency said.

According to S&P, JLR has launched new models successfully, extended existing ones, and expanded into new market segments. JLR also helped strengthen Tata Motors financial position and its ability to withstand moderate volatility and the risks from the UKs recent vote to leave the European Union (Brexit), the rating agency said in a statement. JLRs improved competitive position will enable Tata Motors to register good operating performance over the next two years in the form of revenue growth and higher EBITDA (earnings before interest, taxation, depreciation and amortization) margin, S&P said. JLR is British luxury car unit of Tata Motors.

Tata Motors consolidated net profit jumped 201.61% to Rs 5177.06 crore on 18.76% growth in net sales to Rs 79926.12 crore in Q4 March 2016 over Q4 March 2015. The company is set to announce Q1 June 2016 results on 26 August 2016.

Tata Motors is a market leader in commercial vehicles in India. The companys British unit JLR sells premium luxury cars.

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Zee Learn & Tree House surge post board approval for revised scheme of merger
Aug 17,2016

Both the companies made the announcement during market hours today, 17 August 2016.

Meanwhile, the BSE Sensex was up 38.40 points, or 0.14%, to 28,103.01.

Zee Learn was up 17.05% to Rs 35.35. Tree House Education & Accessories surged 18.51% to Rs 27.45.

The board of directors of Zee Learn (ZLL) and Tree House Education & Accessories (THEAL) approved revised share swap ratio of 1:1 for the merger of THEAL with ZLL. The revised scheme of amalgamation will put to rest uncertainty and anxiety within different stakeholders and help mitigating the recent developments in operational performance of THEAL over the past few quarters, ZLL said in a statement. It will further strengthen ZLLs position in the educational landscape, it said. Both ZLL and THEAL are in similar line of business activities and with a view to consolidate the business operations, the board of directors of both the companies have decided to amalgamate the companies. Both ZLL and THEAL are primarily engaged into the business of pre-school activities.

The board of directors of both the companies on 23 December 2015 had approved a scheme of amalgamation of THEAL with ZLL subject to requisite statutory and regulatory approvals. On 1 June 2016, ZLL decided to keep on hold the scheme as part of evaluation of the results of THEAL for the quarter and year ended 31 March 2016. Following this, the board of directors of ZLL had authorised the Amalgamation Committee to suggest the way forward to salvage the deal of amalgamation to ensure consolidation of business in the best interest of the shareholders. Accordingly, the board of directors of both the companies accorded approval to the revised scheme including appointed date and share exchange ratio suggested by the Amalgamation Committee for the proposed amalgamation of the companies.

Zee Learns net profit surged 102.5% to Rs 8.02 crore on 17.5% increase in net sales to Rs 42.06 crore in Q1 June 2016 over Q1 June 2015.

Tree House Education & Accessories reported net loss of Rs 45.48 crore in Q1 June 2016 compared with net profit of Rs 18.02 crore in Q1 June 2015. Net sales fell 70.7% to Rs 20.21 crore in Q1 June 2016 over Q1 June 2015.

Zee Learn is an Essel Group company and is Indias leading company in education segment with the fastest growing chain of K-12 schools and Asias No 1 chain of pre-schools in its portfolio. Zee Learn has its preschool network Kidzee with more than 1,600 plus preschools in over 550 plus cities across India and is Asias largest network of preschool.

THEAL is also engaged in the business of pre-school activities.

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