Reliance Home Finance Ltd in talks with overseas investor for investment

Reliance Home Finance Ltd. ("RHFL") has entered into exclusive discussions with an overseas institutional investor ("Investor"), for a potential equity investment ("Proposed Investment") by the Investor in RHFL, along with an appropriate governance framework.

The discussions are subject to confirmatory due diligence, definitive documentation, and necessary approvals. There can be no certainty at this stage that any transaction will result. Further announcements will be made as appropriate, in due course.

All Shareholders of Reliance Capital Ltd. had received one free share of Reliance Home Finance Ltd. for every share held in Reliance Capital Ltd. on September 6, 2017.

Shares of Reliance Home Finance Ltd was last trading in BSE at Rs.64.55 as compared to the previous close of Rs. 65.05. The total number of shares traded during the day was 56157 in over 686 trades.

The stock hit an intraday high of Rs. 66.7 and intraday low of 64.05. The net turnover during the day was Rs. 3666001.

Source : Equity Bulls

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