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Reliance Capital Trustee buys 1.85% stake in GIC Housing Finance

18 Dec 2015 Evaluate

Reliance Capital Trustee Company has bought 1.85 per cent stake, valued at over Rs 21 crore at the current market prices, in GIC Housing Finance. Following the acquisition, Reliance Capital Trustee, which held 6.01 per cent in the company earlier, now holds 7.87 per cent in GIC Housing Finance.

GIC Housing Finance offers loans on fixed and floating basis. Apart from this, it is having Flexi- Fixed, Step Up/ Step Down schemes and mortgage loans.

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