Reliance Home Finance locked in 5% upper circuit at Rs 109 on debut
On the National Stock Exchange, the stock has frozen at maximum upper limit of 5% at Rs 107 after listing at Rs 102.
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Reliance Home Finance, the demerged home business of Reliance Capital, got locked in 5% upper circuit at Rs 109 on BSE on the first day of its debut in an otherwise weak market. The stock listed at Rs 104 on the BSE.
On the National Stock Exchange (NSE), the stock too frozen at maximum upper limit of 5% at Rs 107 after listing at Rs 102.
Till 10:04 AM; a combined 859,431 shares exchanged hands and there were pending buy orders for 1.42 million shares on the NSE and BSE.
All shareholders of Reliance Capital have already received one free share of Reliance Home Finance for every share held in Reliance Capital as on record date i.e. September 6, 2017.
Reliance Home Finance has Assets under management (including securitized portfolio) of Rs 13,022 crore (US$ 2.0 billion) as of June 30, 2017.
“Reliance Capital holds a 51% stake in Reliance Home Finance and the Company will be adequately capitalised to grow the lending book multi-fold in the future,” Reliance Capital said in a media release.
The equity shares of Reliance Home Finance are listed and admitted to dealings on the exchanges in the list of 'T' group securities. Under ‘T’ group the settlement will be done on trade-to-trade basis and no netting off will be allowed.
Reliance Capital was however, trading 4% lower at Rs 690, extending its Thursday’s 4% decline on the BSE.
On the National Stock Exchange (NSE), the stock too frozen at maximum upper limit of 5% at Rs 107 after listing at Rs 102.
Till 10:04 AM; a combined 859,431 shares exchanged hands and there were pending buy orders for 1.42 million shares on the NSE and BSE.
All shareholders of Reliance Capital have already received one free share of Reliance Home Finance for every share held in Reliance Capital as on record date i.e. September 6, 2017.
Reliance Home Finance has Assets under management (including securitized portfolio) of Rs 13,022 crore (US$ 2.0 billion) as of June 30, 2017.
“Reliance Capital holds a 51% stake in Reliance Home Finance and the Company will be adequately capitalised to grow the lending book multi-fold in the future,” Reliance Capital said in a media release.
The equity shares of Reliance Home Finance are listed and admitted to dealings on the exchanges in the list of 'T' group securities. Under ‘T’ group the settlement will be done on trade-to-trade basis and no netting off will be allowed.
Reliance Capital was however, trading 4% lower at Rs 690, extending its Thursday’s 4% decline on the BSE.