Reliance Home Finance To List On Bourses On Friday

Posted By:
Subscribe to GoodReturns
For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

    Reliance Capital said its housing finance unit Reliance Home Finance will list on the stock exchanges this Friday. The move is expected to unlock value for the existing shareholders of the firm, Reliance Capital said in a statement.

    All shareholders of Reliance Capital have already received one free share of Reliance Home Finance for every share held in Reliance Capital as on record date September 6.

    The transfer was earlier approved by an overwhelming majority of 99.59 per cent votes in favour of the scheme of arrangement at the Tribunal-convened general shareholders meeting held in July. SBI Life IPO: All You Need To Know About This Biggest IPO

    Reliance Home Finance To List On Bourses On Friday

    Reliance Capital will hold a 51 per cent stake in Reliance Home Finance, and the company will be adequately capitalized to grow the lending book multi-fold in the future.

    Reliance Home Finance, a 100 per cent subsidiary of Reliance Capital, provides a wide range of loan solutions like home loan, loan against property, construction finance, and affordable housing loans. It has assets under management of Rs 13,022 crore as of June 30, 2017.

    Goodreturns.in

    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    Get Latest News alerts from Goodreturns

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more