Reliance Home Finance Shares List On NSE, BSE

Reliance Home Finance lists on NSE BSE locked in upper circuit of 5 percent

At around 10.25am Reliance Home shares were changing hands at 109.20 rupees at BSE.

Reliance Home Finance, the housing finance unit of Reliance Capital, hit an upper circuit of 5 percent on its listing on the BSE and NSE.

Shares of the company surged 5 per cent to Rs 109.20 on BSE in opening trade, while RHF shares climbed 5 per cent at Rs 107.20 on NSE. Tina Ambani, wife of Anil Ambani, rang the bell signalling the listing of Reliance Home Finance's stock.

Shares of Reliance Home Finance rose on market debut.

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.

Reliance Home Finance has assets under management, including securitised portfolio, of Rs13,022 crore as of 30 June.

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.

Reliance Capital shareholders would get a share of Reliance Home Finance for each share of Reliance Capital held.

Reliance Capital, which is present across insurance, mutual fund and a host of other financial services sectors, said its core businesses have achieved double digit growth in profitability in terms of operating performance during the last fiscal.

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