Reliance Capital has received an approval from National Company Law Tribunal (NCLT) for demerger and listing of Reliance Home Finance. A Tribunal Convened Meeting of the shareholders of the company is scheduled to be held on July 24 for the same.
The listing of Reliance Home Finance is expected to be completed by September 2017. The company has already received no-objection from NSE and BSE. The company’s shareholders will get 1 share of Reliance Home Finance for every 1 share held.
Reliance Capital, a part of the Reliance Group, is one of India’s leading private sector financial services companies. It ranks amongst the top private sector financial services and banking groups, in terms of net worth.
