MUMBAI | THURSDAY, 30 JULY 2020 COMPANIES 3 . < Ambani’s aide PMS Prasad pledges 94% of his shares AMRITHA PILLAY PMS PRASAD OWNED A Mumbai, 29 July QUICK VIEW TOTAL OF 640,000 n a curious move, Reliance Industries’ RIL SHARES (RIL) executive director and Mukesh I Ambani’s trusted aide PMS Prasad HIS COMPENSATION STOOD (pictured) pledged 600,000 shares of the AT IN FY20 company last month, which is 93.75 per ~11.15 CR cent of the total shares he owns in RIL. Prasad owned a total of 640,000 RIL PRASAD’S LAST TRADING shares and his compensation stood at ACTIVITY, PRIOR TO THE PLEDGE ~11.15 crore in FY20. WAS IN SEPTEMBER 2017, Typically, professional corporate WHEN HE SOLD executives pledge shares when they need 136,666 to raise cash to exercise stock options in SHARES the company’s shares or invest the money elsewhere. HE IS CONSIDERED AS ONE Neither Prasad nor RIL responded to OF RIL’S SENIOR-MOST Business Standard’s queries on the rea- son for the pledge. EXECUTIVES, OFTEN CREDITED According to stock exchange filings, FOR THE JAMNAGAR REFINERY Alok Agarwal, chief financial officer COMPLEX ESTABLISHMENT (CFO), RIL, had pledged 1.44 million shares in September 2019 and revoked Extract of unaudited financial results of Dr. Reddy’s Laboratories Limited and its subsidiaries for the quarter the pledge on 940,000 shares even as the news for exiting 95 per cent of stock was trading at ~1055.9 per share. ended 30 June 2020 prepared in compliance with Indian Accounting Standards he pledged another 225,000 shares his stake in the bank, had also pledged RIL on Wednesday, closed at ~2095.85 a last month. He acquired a little over his shares in 2018 and 2019 to exercise share on BSE. The company has been on All amounts in Indian Rupees millions Consolidated 100,000 shares through the rights issue stock options. a stake sale spree for its digital business Quarter Year Quarter last month. Prasad is considered one of RIL’s sen- Jio Platforms, with minority stakes sold Sl. ended ended ended Interestingly, Prasad’s last trading ior most executives, often credited for to global giants such as Google, Facebook No. Particulars activity, prior to the pledge was in the Jamnagar refinery complex estab- and a slew of financial institutions. 30.06.2020 31.03.2020 30.06.2019 September 2017, when he sold 136,666 lishment and later steering RIL’s gas RIL has so far raised a total of ~2.13 (Unaudited) (Audited) (Unaudited) shares. business ambitions. trillion through the combined invest- 1 Total Income from Operations 44,265 175,170 38,582 HDFC Bank’s managing director RIL’s shares have nearly doubled in ments in Jio Platforms, a rights issue, 2 Net Profit for the period (before Tax, Exceptional and/or Extraordinary items) 9,005 18,857 8,693 3 Net Profit for the period before tax (after Exceptional and/or Extraordinary items) 9,005 18,857 8,693 (MD) Aditya Puri, who was recently in the last four months. On March 27, the and investment by BP. 4 Net Profit for the period after tax (after Exceptional and/or Extraordinary items) 5,946 20,260 6,765 5 Total Comprehensive Income for the period 6,728 19,610 6,472 6 Equity Share Capital 831 831 831 7 Reserves (excluding Revaluation Reserve) 155,157 8 Earnings per share (in Rupees) per Rs. 5/- share Basic 35.87 122.22 40.81 YES Bank issues possession notice Diluted 35.78 121.99 40.74 Standalone Quarter Year Quarter Sl. for RInfra headquarters, other assets ended ended ended No. Particulars 30.06.2020 31.03.2020 30.06.2019 DEV CHATTERJEE The standalone financial (Unaudited) (Audited) (Unaudited) Mumbai, 29 July results stated that the bank had to make an additional provi- 1 Total Income from Operations 32,444 118,504 25,087 2 Net Profit for the period (before Tax, Exceptional and/or Extraordinary items) 13,617 27,758 6,930 Private sector lender YES Bank sion of ~15,422 crore for the 3 Net Profit for the period before tax (after Exceptional and/or Extraordinary items) 13,617 27,758 6,930 has issued possession notice period ended December 2019. 4 Net Profit for the period after tax (after Exceptional and/or Extraordinary items) 9,502 29,377 5,481 for several properties belong- The bank, now under a new 5 Total Comprehensive Income for the period 9,733 28,941 5,441 ing to Reliance Infrastructure management, had to be bailed 6 Equity Share Capital 831 831 831 (RInfra), including its head- out by the State Bank of India 7 Reserves (excluding Revaluation Reserve) 151,088 8 Earnings per share (in Rupees) per Rs. 5/- share quarters, after the company and Life Insurance Corporation Basic 57.31 177.23 33.06 failed to repay its debt worth of India with a fund infusion of Diluted 57.18 176.88 33.01 ~2,892 crore. ~10,000 crore. Notes: RInfra’s headquarters is Last week, it raised ~15,000 1 The above is an extract of the detailed format of Quarterly Financial Results filed with the Stock Exchanges under Regulation 33 of the SEBI (Listing located in Santacruz East, crore through a follow-on pub- and Other Disclosure Requirements) Regulations, 2015. The full format of the Quarterly Financial Results are available on the Stock Exchanges Mumbai, and the other prop- lic offer to a group of investors website: www.bseindia.com and www.nseindia.com and also on the Company’s website: www.drreddys.com. erties include two floors in at the rate of ~12 a share. On 2 The unaudited results have been reviewed by the Audit Committee of the Board and approved by the Board of Directors of the Company at their meeting held on 29 July 2020. Nagin Mahal, near Chur - RInfra’s headquarters is located in Santacruz East, Wednesday, YES Bank’s shares chgate. In a notice dated July fell below the FPO price to By order of the Board Mumbai, and the other properties include two For Dr. Reddy’s Laboratories Limited 22, YES Bank said it had issued floors in Nagin Mahal, near Churchgate ~11.75 a share. notice to RInfra under the Interestingly, Ambani has Place : Hyderabad Secu ritisation and Recon - already admitted in the UK Date : 29 July 2020 G V Prasad struction of Financial Assets of ~12,000 crore to the Anil had pointed out breaches of High Court that his net worth Co-Chairman & Managing Direcor and Enforcement of Securities Ambani group. A host of other several Reserve Bank of India is zero and will not be able to Inte rest (Sarfaesi) Act to companies, including DHFL, norms and loan covenants by pay dues of another group firm, Dr. REDDY’S LABORATORIES LIMITED recover dues, and warned Crompton Greaves, Zee Group, the private bank in financial Reliance Commun ications. But Regd. Office: 8-2-337, Road No.3, Banjara Hills, Hyderabad - 500 034, Telangana, India the public against dealing in have failed to repay their debt year 2019-20, which, it said, the UK High Court has asked CIN: L85195TG1984PLC004507, Tel: 91 40 4900 2900, Fax: 91 40 4900 2999 these properties. to YES Bank as well. impacted the bank’s ability to Ambani to pay $717 million to email: [email protected], website: www.drreddys.com YES Bank has an exposure In May, YES Bank’s auditor continue as a going concern. Chinese banks or face action. .