The listing will also unlock substantial value for all stakeholders
At NSE, shares of the company listed at Rs 102.10 and jumped 4.99 per cent to touch its highest trading permissible limit for the day at Rs 107.20.
Speaking about RHFL’s listing, Anmol Ambani, executive director of Reliance Capital said: “The listing results in Reliance Capital shareholders directly owning stake in RHFL, with over 9 lakh shareholders, the largest shareholder base in a housing finance company.”
“Our focus remains on affordable housing and you will see proportion of that increasing in our overall book,” he said.
The listing will also unlock substantial value for all stakeholders, he said.
Reliance Capital, which is present across insurance, mutual fund and a host of other financial services sectors, said its core businesses have achieved double digit growth in profitability in terms of operating performance during the last fiscal.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
First Published: Fri, September 22 2017. 17:29 IST
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