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
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
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