Shares of Reliance Home Finance were locked in 5% upper circuit at Rs 109.20 at 12:35 IST on BSE following the demerger of home finance business of Reliance Capital.
Meanwhile, the S&P BSE Sensex was down 261.77 points, or 0.81% at 32,108.27.
The stock opened at Rs 104. The stock had hit a high of Rs 109.20 and a low of Rs 104 so far during the day. On the BSE, 11.21 lakh shares were traded on the counter so far.
Reliance Home Finance listed on the stock exchanges today, 22 September 2017. Reliance Home Finance was demerged from Reliance Capital. Reliance Capital shareholders have already received one share of Reliance Home Finance for every share held in Reliance Capital as on 6 September 2017.
Reliance Home Finance has assets under management, including securitised portfolio, of Rs 13022 crore as of 30 June 2017, as per reports. Reliance Capital holds 51% stake in Reliance Home Finance. The firm offers home loan solutions like loan against property, construction finance and affordable housing loans.
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