Reliance Capital Shares Fall 17% As Home Finance Business Demerged - Dollar Advisory & Financial Services

Breaking

Tuesday 5 September 2017

Reliance Capital Shares Fall 17% As Home Finance Business Demerged

Reliance Capital shares fell more than 17 percent in opening trade Tuesday due to hiving off home finance business.

Today is the ex-date for demerger and the record date for the same is fixed as September 6, which means person who holds shares of Reliance Capital on September 6 will get shares of Reliance Home Finance.

Reliance Capital shareholders will receive one share of Reliance Home Finance for every share held. Post demerger, Reliance Capital will continue to hold a 51 percent stake in Reliance Home Finance.

Reliance Home Finance is expected to be listed in the second half of September.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

No comments:

Post a Comment