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Marksans Pharma declines on profit booking
Jun 05,2017

Meanwhile, the S&P BSE Sensex was up 2.22 points, or 0.01% at 31,275.51. The S&P BSE Small-Cap index was up 99.51 points, 0.65% at 15,410.68.

On the BSE, 1.60 lakh shares were traded on the counter so far as against the average daily volumes of 8.62 lakh shares in the past one quarter. The stock had hit a high of Rs 45.45 and a low of Rs 43.95 so far during the day. The stock had hit a 52-week high of Rs 58.30 on 10 June 2016 and hit a 52-week low of Rs 36.95 on 1 February 2017.

The stock had underperformed the market over the past one month till 2 June 2017, declining 11.64% compared with the Sensexs 4.52% rise. The scrip had also underperformed the market over the past one quarter declining 5.64% as against the Sensexs 8.44% rise. The scrip had also underperformed the market over the past one year advancing 1.69% as against the Sensexs 16.5% rise.

The small-cap company has equity capital of Rs 40.93 crore. Face value per share is Rs 1.

Marksans Pharma had rallied 9.19% in the preceding three trading sessions to settle at Rs 45.15 on Friday, 2 June 2017, from its closing of Rs 41.35 on 30 May 2017.

Marksans Pharma reported consolidated net loss of Rs 3.22 crore in Q4 March 2017, compared with net loss of Rs 5.76 crore in Q4 March 2016. Net sales fell 12.1% to Rs 184.75 crore in Q4 March 2017 over Q4 March 2016.

Marksans Pharma is a global pharmaceutical company. It is engaged in research & development (R&D) and offers CRAMS (contract research and manufacturing services) to global pharmaceutical companies.

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RCom gains on getting 7-month extension to service debt
Jun 05,2017

Meanwhile, the S&P BSE Sensex was down 30.51 points, or 0.10% to 31,242.78.

On the BSE, 30.35 lakh shares were traded in the counter so far, compared with average daily volumes of 36.76 lakh shares in the past one quarter. The stock had hit a high of Rs 21.75 and a low of Rs 20.70 so far during the day. The stock hit a 52-week high of Rs 55.40 on 31 August 2016. The stock hit a record low of Rs 18.15 on 31 May 2017.

The stock had underperformed the market over the past one month till 2 June 2017, falling 35.67% compared with 3.81% rise in the Sensex. The scrip had also underperformed the market in past one quarter, falling 44.86% as against Sensexs 8.47% rise.

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

Reliance Communications (RCom) announced after market hours on Friday, 2 June 2017, that it has been engaged in discussions with its lenders to finalise an overall debt resolution plan, with the objective of expeditiously closing the already announced strategic transactions with Aircel and Brookfield, to immediately reduce debt from Rs 45000 crore to approximately Rs 20000 crore; a reduction of 60% or Rs 25000 crore. RCom said it aims to develop a sustainable long term plan for servicing the companys remaining debt. Based on applicable guidelines, RComs lenders have constituted a Joint Lenders Forum (JLF) to consider and approve the companys plans in this regard.

The lenders have taken note of the advanced stage of implementation of RComs strategic transformation programme involving the transactions for the Wireless and Towers Business. The lenders have proposed to give time of seven months till December 2017 to complete the above transactions, and reduce its debt by a substantial amount of Rs 25000 crore, or 60%. RCom will also present to the lenders its sustainable long term plans for servicing the remaining debt of Rs 20000 crore. As part of the above, there will be a standstill on the companys debt servicing obligations for the next seven months till end December 2017.

In the event the transactions are not completed in the above timeframe, the Lenders may exercise their right to convert their debt, in accordance with applicable SDR guidelines. The above is subject to lenders formal approvals and all other approvals as may be necessary under law.

On a consolidated basis, Reliance Communications reported net loss of Rs 948 crore in Q4 March 2017 as against net profit of Rs 79 crore in Q4 March 2016. Net sales declined 24.11% to Rs 4312 crore in Q4 March 2017 over Q4 March 2016.

RCom is an integrated telecommunications service provider.

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RCom firms up on getting 7-month extension to service debt
Jun 05,2017

Meanwhile, the S&P BSE Sensex was down 30.51 points, or 0.10% to 31,242.78.

On the BSE, 30.35 lakh shares were traded in the counter so far, compared with average daily volumes of 36.76 lakh shares in the past one quarter. The stock had hit a high of Rs 21.75 and a low of Rs 20.70 so far during the day. The stock hit a 52-week high of Rs 55.40 on 31 August 2016. The stock hit a record low of Rs 18.15 on 31 May 2017.

The stock had underperformed the market over the past one month till 2 June 2017, falling 35.67% compared with 3.81% rise in the Sensex. The scrip had also underperformed the market in past one quarter, falling 44.86% as against Sensexs 8.47% rise.

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

Reliance Communications (RCom) announced after market hours on Friday, 2 June 2017, that it has been engaged in discussions with its lenders to finalise an overall debt resolution plan, with the objective of expeditiously closing the already announced strategic transactions with Aircel and Brookfield, to immediately reduce debt from Rs 45000 crore to approximately Rs 20000 crore; a reduction of 60% or Rs 25000 crore. RCom said it aims to develop a sustainable long term plan for servicing the companys remaining debt. Based on applicable guidelines, RComs lenders have constituted a Joint Lenders Forum (JLF) to consider and approve the companys plans in this regard.

The lenders have taken note of the advanced stage of implementation of RComs strategic transformation programme involving the transactions for the Wireless and Towers Business. The lenders have proposed to give time of seven months till December 2017 to complete the above transactions, and reduce its debt by a substantial amount of Rs 25000 crore, or 60%. RCom will also present to the lenders its sustainable long term plans for servicing the remaining debt of Rs 20000 crore. As part of the above, there will be a standstill on the companys debt servicing obligations for the next seven months till end December 2017.

In the event the transactions are not completed in the above timeframe, the Lenders may exercise their right to convert their debt, in accordance with applicable SDR guidelines. The above is subject to lenders formal approvals and all other approvals as may be necessary under law.

On a consolidated basis, Reliance Communications reported net loss of Rs 948 crore in Q4 March 2017 as against net profit of Rs 79 crore in Q4 March 2016. Net sales declined 24.11% to Rs 4312 crore in Q4 March 2017 over Q4 March 2016.

RCom is an integrated telecommunications service provider.

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GVK Power gains after exiting Bangalore Airport project
Jun 05,2017

The announcement was made after market hours on Friday, 2 June 2017.

Meanwhile, the S&P BSE Sensex was down 60.71 points, or 0.19% to 31,212.58.

On the BSE, 87,000 shares were traded in the counter so far, compared with average daily volumes of 9.72 lakh shares in the past one quarter. The stock had hit a high of Rs 6.30 and a low of Rs 6.02 so far during the day. The stock hit a 52-week high of Rs 7.70 on 14 February 2017. The stock hit a record low of Rs 4.13 on 6 June 2016.

The stock had underperformed the market over the past one month till 2 June 2017, falling 2.30% compared with 3.81% rise in the Sensex. The scrip had also underperformed the market in past one quarter, falling 7.33% as against Sensexs 8.47% rise.

The small-cap company has equity capital of Rs 157.92 crore. Face value per share is Re 1.

GVK Power & Infrastructure announced that its board of directors at a meeting held on 2 June 2017, approved the sale of residual 3.84 crore shares corresponding to 10% of the issued & paid up share capital in Bangalore International Airport (BIAL) held by GVK Airport Developers through Bangalore Airport & Infrastructure Developers (BAIDPL), a step down subsidiary of the company, to FIH Mauritius Investments (FMIL) and its affiliates at an aggregate purchase consideration of Rs 1290 crore. The aforesaid sale will be completed upon obtaining necessary consents/approvals as may be necessary including from the lenders.

GVK Power & Infrastructure reported net loss of Rs 205.85 crore in Q4 March 2017 higher than net loss of Rs 105.59 crore in Q4 March 2016. Net sales rose 4.1% to Rs 7.10 crore in Q4 March 2017 over Q4 March 2016.

GVK is a leading Indian conglomerate with diversified interests across various sectors including energy, resources, airports, transportation, hospitality and life sciences.

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GMR Infra gallops after significant debt reduction
Jun 02,2017

Meanwhile, the S&P BSE Sensex was up 100.60 points, or 0.32% to 31,238.19. The S&P BSE Mid-Cap index was up 105.29 points, or 0.72% to 14,801.48.

The stock surged on high volume. On the BSE, 2.74 crore shares were traded in the counter so far, compared with average daily volumes of 21.12 lakh shares in the past one quarter. The stock hit a high of Rs 19 in intraday trade so far, which is 52-week high for the counter. The stock had hit a low of Rs 14.90 so far during the day. The stock hit a 52-week low of Rs 10.25 on 9 November 2016.

The stock dropped 11.28% over the past one month till 1 June 2017, underperforming the Sensexs 4.08% rise. The scrip also underperformed the market in past one quarter, sliding 8.56% as against Sensexs 7.43% rise. The scrip, however, outperformed the market in past one year, surging 33.72% as against Sensexs 16.56% rise.

The mid-cap company has equity capital of Rs 603.59 crore. Face value per share is Re 1.

GMR Infrastructure reported net loss of Rs 2478.78 crore in Q4 March 2017, higher than net loss of Rs 1787.09 crore in Q4 March 2016. Total revenue dropped 31.06% to Rs 272.47 crore in Q4 March 2017 over Q4 March 2016.

On a consolidated basis, GMR Infrastructure reported net loss of Rs 574.59 crore in the year ended 31 March 2017 (FY 2017), lower than net loss of Rs 2712.50 crore in FY 2016. Total revenue rose 3.54% to Rs 11631.86 crore in FY 2017 over FY 2016.

Earnings before interest, taxation, depreciation and amortization (EBITDA) rose 12% to Rs 3497 crore in FY 2017 over FY 2016 following a robust improvement in performance of airports and energy verticals. EBITDA margin improved to 42% in FY 2017 from 38% in FY 2016.

GMR Infrastructure said that gross debt reduced significantly to Rs 19856 crore in FY 2017 from Rs 37480 crore in FY 2016. Net debt to EBITDA ratio for FY 2017 improved to 4.3 from 10.2 in FY 2016.

GMR Group is a leading global infrastructure conglomerate with interests in airport, energy, transportation and urban infrastructure.

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Hotel Leelaventure advances on plans to sell hotel in Chennai
Jun 02,2017

The company issued clarification during market hours today, 2 June 2017.

Meanwhile, the S&P BSE Sensex was up 140.18 points or 0.45% at 31,277.77. The S&P BSE Small-Cap index was up 83.18 points or 0.55% at 15,317.42.

On the BSE, 2.14 lakh shares were traded in the counter so far, compared with an average volume of 2.76 lakh shares in the past one quarter.

The stock had hit a high of Rs 23.95 and a low of Rs 23.05 so far during the day. The stock had hit a 52-week high of Rs 27.25 on 10 May 2017. The stock had hit a 52-week low of Rs 15 on 25 November 2016.

The stock gained 9.76% over the past one month till 1 June 2017, outperforming the Sensexs 4.08% rise. The scrip had outperformed the market in past one quarter, rising 35.54% as against Sensexs 7.43% rise. The scrip had also outperformed the market in past one year, gaining 30.43% as against Sensexs 16.56% rise.

The small-cap company has an equity capital of Rs 93.32 crore. Face value per share is Rs 2.

Hotel Leelaventure further said that, however, no binding agreement has been signed with any party as on date.

The company issued the clarification after stock exchanges sought clarification from the company after stock reacted sharply to reports suggesting Marigold Capital and Investments is likely to buy Leela Groups 326-room hotel in Chennai.

Marigold Capital and Investment is an American private equity fund and is looking to buy the hotel for around Rs 700 crore, report had added.

Marigold Capital and Investments specialises in acquiring debt-ridden hotels and commercial real estate properties and turning them into profitable businesses.

Hotel Leelaventure reported net profit of Rs 13.42 in Q4 March 2017 compared with net loss of Rs 228.87 crore in Q4 March 2016. Net sales rose 2.3% to Rs 198.35 crore in Q4 March 2017 over Q4 March 2016.

Hotel Leelaventure is a leading Indian luxury hospitality group founded in 1986.

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Muthoot Capital Services hits record high
Jun 02,2017

The announcement was made during market hours today, 2 June 2017.

Meanwhile, the S&P BSE Sensex was up 116.14 points, or 0.37% at 31,253.73. The S&P BSE Small-Cap index was up 83.49 points, or 0.55% at 15,317.73.

On the BSE, 3,463 shares were traded on the counter so far as against the average daily volumes of 11,917 shares in the past one quarter. The stock had hit a high of Rs 486 so far during the day, which is also its record high. The stock had hit a low of Rs 454 so far during the day. The stock had hit a 52-week low of Rs 170.65 on 13 June 2016.

The stock had outperformed the market over the past one month till 1 June 2017, advancing 8.55% compared with the Sensexs 4.08% rise. The scrip had also outperformed the market over the past one quarter advancing 68.6% as against the Sensexs 7.43% rise. The scrip had also outperformed the market over the past one year advancing 149.89% as against the Sensexs 16.56% rise.

The small-cap company has equity capital of Rs 12.47 crore. Face value per share is Rs 10.

Muthoot Capital Services announced that the company has fixed Tuesday, 13 June 2017 as the record date for the purpose of ascertaining the eligibility of shareholders for issuance of bonus shares in the ratio 1:10 i.e. one bonus share for every ten held.

Muthoot Capital Services net profit rose 61.9% to Rs 11.12 crore on 25.8% increase in total income to Rs 79.80 crore in Q4 March 2017 over Q4 March 2016.

Muthoot Capital Services is a non-banking financial company (NBFC). Its portfolio includes commercial and consumer finance products like vehicle loans, gold loans, loans against property, bonds, deposits, investment products and advisory services among others. Apart from these, the company also disburses loans against property, shares, gold ETFs, SME loans, mortgage loans, leasing & hire purchase loans and bill discounting.

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Dwarikesh Sugar gets sweeter after board approves stock split
Jun 02,2017

The announcement was made during market hours today, 2 June 2017.

Meanwhile, the S&P BSE Sensex was up 140.16 points or 0.45% to 31,262.38. The S&P BSE Small-Cap index was up 83.16 points or 0.55% to 15,317.40.

On the BSE, 76,602 shares were traded in the counter so far as against average daily volume of 61,103 shares in the past one quarter. The stock had hit high of Rs 465.90 and low of Rs 444.60 so far during the trading session. The stock had hit a record high of Rs 503.50 on 21 April 2017. The stock had hit 52-week low of Rs 191.60 on 1 June 2016.

The stock has gained 6.82% in three sessions to its ruling price of Rs 453.40, from a close of Rs 424.45 on 30 May 2017.

The stock fell 5.78% over the past one month till 1 June 2017, underperforming the Sensexs 4.08% rise. The scrip had, however, outperformed the market in past one quarter, rising 9.95% as against Sensexs 7.43% rise. The scrip had also outperformed the market in past one year, jumping 120.26% as against Sensexs 16.56% rise.

The small-cap company has equity capital of Rs 18.83 crore. Face value per share is Rs 10.

Dwarikesh Sugar Industries net profit fell 11.4% to Rs 46.82 crore on 91.2% rise in net sales to Rs 440.37 crore in Q4 March 2017 over Q4 March 2016.

Dwarikesh Sugar Industries is an integrated conglomerate primarily engaged in manufacture of sugar and allied products. From a humble beginning in 1993, Dwarikesh now has a strong presence in diversified fields such as sugar manufacturing, power and ethanol/ industrial alcohol production.

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GMR Infrastructure leads gainers in A group
Jun 02,2017

GMR Infrastructure jumped 20.74% to Rs 18.05 at 14:07 IST. The stock topped the gainers in the BSEs A group. On the BSE, 2.12 crore shares were traded on the counter so far as against the average daily volumes of 15.97 lakh shares in the past two weeks.

GVK Power & Infrastructure surged 16.76% to Rs 6.06. The stock was the second biggest gainer in A group. On the BSE, 22.78 lakh shares were traded on the counter so far as against the average daily volumes of 6.09 lakh shares in the past two weeks.

Bayer CropScience gained 8.97% at Rs 4,968.10. The stock was the third biggest gainer in A group. On the BSE, 6,860 shares were traded on the counter so far as against the average daily volumes of 1,784 shares in the past two weeks.

Hindustan Construction Company advanced 7.53% at Rs 44.25. The stock was the fourth biggest gainer in A group. On the BSE, 33.58 lakh shares were traded on the counter so far as against the average daily volumes of 13.74 lakh shares in the past two weeks.

Jaiprakash Associates rose 5.09% to Rs 12.81. The stock was the fifth biggest gainer in A group. On the BSE, 66.68 lakh shares were traded on the counter so far as against the average daily volumes of 1.04 crore shares in the past two weeks.

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Crompton Greaves Consumer Electricals spurts after bulk deal
Jun 02,2017

Meanwhile, the S&P BSE Sensex was up 140.64 points, or 0.45%, to 31,278.23

Bulk deal boosted volume on the scrip. On the BSE, so far 9.34 lakh shares were traded in the counter, compared with average daily volumes of 2.28 lakh shares in the past one quarter. The stock hit a high of Rs 246 in intraday trade so far, which is record high for the counter. The stock had hit a low of Rs 234 so far during the day. The stock hit a 52-week low of Rs 130.05 on 8 June 2016.

The stock rose 7.38% over the past one month till 1 June 2017, outperforming the Sensexs 4.08% rise. The scrip also outperformed the market in past one quarter, rising 23.2% as against Sensexs 7.43% rise. The scrip had also outperformed the market in past one year, surging 67.94% as against Sensexs 16.56% rise.

The large-cap company has equity capital of Rs 125.35 crore. Face value per share is Rs 2.

Crompton Greaves Consumer Electricals net profit rose 29.77% to Rs 86.44 crore on 7.44% growth in net sales to Rs 1076.15 crore in Q4 March 2017 over Q4 March 2016.

Crompton Greaves Consumer Electricals manufactures and markets a wide spectrum of consumer products ranging from fans, light sources and luminaires, pumps and household appliances, such as geysers, mixer grinders, toasters and irons.

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NBCC gets stronger after successful e-auction of commercial space
Jun 02,2017

The announcement was made after market hours yesterday, 1 June 2017.

Meanwhile, the S&P BSE Sensex was up 132.79 points, or 0.43% to 31,270.38.

On the BSE, 69,525 shares were traded in the counter so far, compared with average daily volumes of 2.17 lakh shares in the past one quarter. The stock had hit a high of Rs 198.25 and a low of Rs 194.90 so far during the day. The stock had hit a record high of Rs 205.75 on 28 April 2017. The stock hit a 52-week low of Rs 117.67 on 24 June 2016.

The stock fell 3.4% over the past one month till 1 June 2017, underperforming the Sensexs 4.08% rise. The scrip had, however, outperformed the market in past one quarter, rising 16.62% as against Sensexs 7.43% rise. The scrip had outperformed the market in past one year, gaining 49% as against Sensexs 16.56% rise.

The large-cap company has equity capital of Rs 180 crore. Face value per share is Rs 2.

NBCC (India) said that it has successfully launched and e-auctioned upcoming commercial and office space in one tower having ten floors of 2.83 lakh square feet of super built up area at Nauroji Nagar, New Delhi which would inflow around Rs 1100 crore in stages as per agreement.

NBCC had been engaged as implementing and marketing agency for re-development of three general pool residential accommodation (GRPA) colonies, Nauroji Nagar, Netaji Nagar and Sarojini Nagar on self sustainable finance model.

NBCC (India) is a blue-chip Government of India (GoI) Navratna Enterprise under the Ministry of Urban Development, in construction sector. The GoI held 75% stake in the firm (as per shareholding pattern as on 31 March 2017).

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MT Educare drops on profit booking
Jun 02,2017

Meanwhile, the S&P BSE Sensex was up 136.87 points, or 0.44% at 31,274.46. The S&P BSE Small-Cap index was up 90.53 points, or 0.59% at 15,324.77.

On the BSE, 19,000 shares were traded on the counter so far as against the average daily volumes of 1.26 lakh shares in the past one quarter. The stock had hit a high of Rs 68.50 and a low of Rs 65.55 so far during the day. The stock had hit a 52-week high of Rs 189.60 on 1 June 2016 and hit a 52-week low of Rs 58.95 on 23 May 2017.

The stock had underperformed the market over the past one month till 1 June 2017, declining 15.47% compared with the Sensexs 4.08% rise. The scrip had also underperformed the market over the past one quarter declining 30.98% as against the Sensexs 7.43% rise. The scrip had also underperformed the market over the past one year declining 62.48% as against the Sensexs 16.56% rise.

The small-cap company has equity capital of Rs 39.82 crore. Face value per share is Rs 10.

MT Educare had rallied 11.42% in the preceding one trading session to settle at Rs 68.30 yesterday, 1 June 2017, from its closing of Rs 61.30 on 31 May 2017.

MT Educares consolidated net profit fell 51.9% to Rs 2.38 crore on 20.2% decrease in net sales to Rs 33.96 crore in Q4 March 2017 over Q4 March 2016.

MT Educare is one of the leading education support and coaching services provider in school, science and commerce streams across Maharashtra and has operations in other states like Tamil Nadu, Kerala, Andhra Pradesh, Telangana, Karnataka, Punjab, Haryana, Assam, Uttar Pradesh and Gujarat.

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Volumes jump at JVL Agro Industries counter
Jun 02,2017

JVL Agro Industries clocked volume of 90.93 lakh shares by 12:30 IST on BSE, a 246.13-times surge over two-week average daily volume of 37,000 shares. The stock hit 20% upper circuit at Rs 21.60.

Rupa & Company notched up volume of 2.6 lakh shares, a 29.07-fold surge over two-week average daily volume of 9,000 shares. The stock jumped 16.12% at Rs 448.

Godrej Consumer Products clocked volume of 4.35 lakh shares, a 24.8-fold surge over two-week average daily volume of 18,000 shares. The stock rose 0.11% at Rs 1,818.55.

PI Industries saw volume of 3.81 lakh shares, a 15.6-fold surge over two-week average daily volume of 24,000 shares. The stock gained 0.22% at Rs 812.

Crompton Greaves Consumer Electricals saw volume of 9.17 lakh shares, a 12.64-fold rise over two-week average daily volume of 73,000 shares. The stock gained 4.58% at Rs 241.85.

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HDFC builds up after acquiring stake in housing finance firm
Jun 02,2017

The announcement was made after market hours yesterday, 1 June 2017.

Meanwhile, the S&P BSE Sensex was up 117.27 points or 0.38% at 31,254.86.

On the BSE, 28,533 shares were traded on the counter so far as against the average daily volumes of 2.74 lakh shares in the past one quarter. The stock had hit a high of Rs 1,611.90 in intraday trade, which is also a record high for the stock. The stock had hit a low of Rs 1,582.75 so far during the day. The stock had hit a 52-week low of Rs 1,183 on 16 June 2016.

The stock gained 2.96% over the past one month till 1 June 2017, underperforming the Sensexs 4.08% rise. The scrip had, however, outperformed the market in past one quarter, rising 12.99% as against Sensexs 7.43% rise. The scrip had also outperformed the market in past one year, gaining 27.49% as against Sensexs 16.56% rise.

The large-cap company has equity capital of Rs 317.78 crore. Face value per share is Rs 2.

HDFC said that HDFC Investments, a wholly owned subsidiary of the company subscribed 3.27 crore shares or 15% of share capital of First Housing Finance (Tanzania), Tanzanias first housing finance company. Cost of acquisition is equivalent to $1.5 million.

First Housing Finance has not yet commenced its operations. The object of the transaction is to promote greenfield housing finance company in Tanzania as HDFC in the past participated in the development of nascent housing finance markets in Asia and Africa.

HDFC Investments has received prior approval from the Reserve Bank of India for the investment.

The shareholders of the company include three local shareholders and two international shareholders which includes HDFC Investments. Bank M Tanzania Plc, a local shareholder holds 40% and rest of the shareholders have 15% each in First Housing Finance.

HDFC will share its expertise in housing finance and will provide assistance and consultancy services in the areas of mortgage finance to First Housing Finance.

On a consolidated basis, HDFCs net profit fell 11% to Rs 3079.33 crore on 5.3% growth in total income to Rs 18040.59 crore in Q4 March 2017 over Q4 March 2016.

HDFC is Indias first retail housing finance company and is currently one of the largest originators of housing loans in the country.

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Indian Bank falls ex-dividend
Jun 02,2017

Meanwhile, the S&P Sensex was up 137.01 points or 0.44% at 31,274.60

On the BSE, 38,000 shares were traded on the counter so far as against the average daily volumes of 1.61 lakh shares in the past one quarter. The stock had hit a high of Rs 326 and a low of Rs 316.25 so far during the day. The stock had hit a 52-week high of Rs 364.80 on 16 May 2017 and a 52-week low of Rs 90 on 3 June 2016.

The stock fell 3.8% over the past one month till 1 June 2017, underperforming the Sensexs 4.08% rise. The scrip had, however, outperformed the market in past one quarter, rising 13.38% as against Sensexs 7.43% rise. The scrip had also outperformed the market in past one year, surging 251.11% as against Sensexs 16.56% rise.

The large-cap bank has equity capital of Rs 480.29 crore. Face value per share is Rs 10.

Before turning ex-dividend, the stock offered a dividend yield of 1.8% based on its closing price of Rs 332.85 on the BSE yesterday, 1 June 2017.

Net profit of Indian Bank rose 241.49% to Rs 319.70 crore on 1.75% growth in total income to Rs 4601.89 crore in Q4 March 2017 over Q4 March 2016.

Government of India currently holds 82.1% stake in Indian Bank (as on 31 March 2017).

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