Reliance Home Finance is currently trading at its lower limit of Rs. 1.16, down by 0.06 points or 4.92% from its previous closing of Rs. 1.22 on the BSE.
The scrip opened at Rs. 1.16 and has touched a high and low of Rs. 1.16 and Rs. 1.16 respectively. So far 58382 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 35.40 on 08-Apr-2019 and a 52 week low of Rs. 0.87 on 19-Feb-2020.
Last one week high and low of the scrip stood at Rs. 1.48 and Rs. 1.16 respectively. The current market cap of the company is Rs. 56.27 crore.
The promoters holding in the company stood at 69.92%, while Institutions and Non-Institutions held 5.90% and 24.16% respectively.
Reliance Home Finance has defaulted on loan repayment of Rs 40.08 crore in February. The company has cash on hand of approximately Rs 700 crore in the form of investment in liquid mutual fund. The delay in debt servicing is due to prohibition on the company to dispose off, alienate, encumber either directly or indirectly or otherwise part with the possession of any assets, pursuant to order dated November 20, 2019 passed by the Delhi High Court.
As per an earlier agreement, the lenders of the company have entered into an Inter-Creditor Agreement for arriving at the debt resolution plan in accordance with the circular issued by the Reserve Bank of India on Prudential Framework for Resolution of Stressed Assets.
Reliance Home Finance is engaged in providing housing finance. It provides housing loans, home improvement loan, home extension loan and reliance property solutions. It offers home loans to individuals and companies. It operates as a subsidiary of Reliance Capital.
| Company Name | CMP |
|---|---|
| LIC Housing Finance | 581.30 |
| Housing & Urban Dev. | 232.30 |
| Piramal Finance | 2017.85 |
| PNB Housing Finance | 1090.90 |
| Sammaan Capital | 148.75 |
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