SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Reliance Capital to list home finance business on stock exchanges

14 Sep 2016 Evaluate

Reliance Capital has received an approval to independently list its home finance business - Reliance Home Finance (RHF) - on the stock exchanges. The board of directors at its meeting held on September 13, 2016 has approved for the same. The proposal is subject to necessary shareholders and other approvals.

As per the proposal, 49% stake in Reliance Home Finance will be allotted to all shareholders of Reliance Capital, in the ratio of one share free of cost in Reliance Home Finance for every one share held in Reliance Capital. Reliance Capital will hold a 51% stake in Reliance Home Finance, and the company will be adequately capitalized to grow the lending book to over Rs 20,000 crore in the next 18 months.

The independent listing of Reliance Home Finance is expected to unlock substantial value for existing shareholders of Reliance Capital. The listing of Reliance Home Finance will also lead to increased management focus and accelerated growth in the home finance business.



Reliance Capital Share Price

11.79 0.00 (0.00%)
26-Feb-2024 16:59 View Price Chart
Peers

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×