Monday, December 18, 2017

Reliance Home Finance shares list on NSE, BSE
Saturday, September 23, 2017 - 3:21:56 PM - By News Bureau
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Reliance Home Finance shares list on NSE, BSE
MUMBAI: Reliance Home Finance Ltd (RHFL), the housing finance unit of Anil Ambani-controlled Reliance Group, listed its shares on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) on 22 September 2017.

Media reports quoted Anmol Ambani, executive director of Reliance Capital as having said, "The listing results in Reliance Capital Shareholders directly owning stake in RHFL, with over 9 lakh shareholders, the largest shareholder base in a housing finance company."     


"Our focus remains on affordable housing and you will see proportion of that increasing in our overall book," he added.

The company is looking to grow loan book at 50 per cent compound annual growth rate (CAGR) over the next three years period, Ravindra Sudhalkar, CEO, Reliance Home Finance was quoted as having said in media reports.

"The listing will also unlock substantial value for all stakeholders," he added.

The company had earlier announced all shareholders of Reliance Capital Ltd have already received one free share of Reliance Home Finance Ltd for every share held in Reliance Capital.     

Reliance Capital will hold a 51 per cent stake in Reliance Home Finance Ltd and the company is adequately capitalised to grow the lending book multi-fold in the future, according to media reports.  
Reliance Home Finance has Assets under management (including securitised portfolio) of Rs 13,022 crore (USD 2.0 billion) as of June 30, 2017, according to media reports.     

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.
Anmol Ambani
executive director
Reliance Capital
Ravindra Sudhalkar
CEO
Reliance Home Finance
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NSE
BSE