Reliance HF eyes equity offering

Reliance Capital would retain 51% stake in the separately listed venture

Reliance Home Finance (RHF), subsidiary of Anil Ambani’s Reliance Capital, might go for an equity offering — follow-up or a rights issue — after listing on the stock exchanges.
 
Disbursements in the third quarter were Rs 1,203 crore, 31 per cent increase over a year. Assets under management (including securitised portfolio) were Rs 9,656 crore ($1.4 billion) at December-end.
 
Profit before tax rose three per cent to Rs 35 crore and total income was up 29 per cent at Rs 269 crore in the quarter over the same period last year.
 
Sam Ghosh, executive director and group