Reliance Capital Ltd. has today announced that the listing of Reliance Home Finance Ltd. is scheduled on Friday, September 22, 2017 at BSE Ltd. and National Stock Exchange of India Ltd.
All Shareholders of Reliance Capital Ltd. have already received one free share of Reliance Home Finance Ltd. for every share held in Reliance Capital Ltd. as on Record Date i.e. September 6, 2017.
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 on July 24, 2017, and other requisite approvals have duly been received.
Reliance Capital will hold a 51 per cent stake in Reliance Home Finance Ltd., and the Company will be adequately capitalised to grow the lending book multi-fold in the future.
Reliance Home Finance has Assets under management (including securitized portfolio) of Rs.13,022 crore (US$ 2.0 billion) as of June 30, 2017.
Shares of RELIANCE CAPITAL LTD. was last trading in BSE at Rs.745.4 as compared to the previous close of Rs. 752.85. The total number of shares traded during the day was 148965 in over 2604 trades.
The stock hit an intraday high of Rs. 757.35 and intraday low of 744. The net turnover during the day was Rs. 111594858.