Reliance Cap Trustee hikes stake in GIC Housing to 7.87%

GIC Housing Finance today said Reliance Capital Trustee Company has bought 1.85 per cent stake, valued at over Rs 21 crore at the current market prices.
Reliance Capital Trustee, which held 6.01 per cent in the company earlier, now holds 7.87 per cent in GIC Housing Finance.
Reliance Capital Trustee Company, acting through various schemes of Reliance Mutual Fund, has purchased 10 lakh shares or 1.86 per cent stake through open market deals, GIC Housing Finance said in a disclosure to the BSE.
At the current prices, 1.86 per cent stake is worth Rs 21.53 crore.
Shares of GIC Housing Finance closed at Rs 215.30, up 4.16 per cent on the BSE.