Reliance Home Finance shares to be listed on BSE
Published: Sep 20, 2017
By TIOLCORP News Service
NEW DELHI, SEPT 20, 2017: More than 48 lakh Equity shares of Reliance Home Finance Ltd, allotted pursuant to Scheme of Arrangement shall be listed and admitted to dealings on the BSE effective from Friday, September 22, 2017, in the list of T Group of Securities. The scrip will be in Trade-for-Trade segment for 10 trading days.This security will be a part of special pre-open session for IPO and other category of scrip's as per SEBI circular no. CIR/MRD/DP/01/2012 & CIR/MRD/DP/02/2012 dated January 20, 2012.
Pursuant to Scheme of Arrangement between Reliance Capital Limited and Reliance Home Finance Limited as sanctioned by the Mumbai Bench of the National Company Law Tribunal; whereby the Real Estate Lending Business of Reliance Capital Limited has been transferred to and vested in Reliance Home Finance Limited and in consideration thereof Reliance Home Finance Limited has issued to the shareholders of Reliance Capital Limited , 1 (One) equity share of Rs. 10/- each of Reliance Home Finance Limited for every 1 (One) equity Share of Rs. 10/- each held in Reliance Capital Limited . The issued, subscribed and paid-up equity capital of the company post amalgamation is Rs. 485,05,88,18 0/- consisting of 48,50,58,818 Equity shares Rs.10/- each.