Housing finance company Reliance Home Finance Ltd - part of Anil D Ambani-led Reliance Group - on Friday made its trading debut in National Stock Exchange (NSE) at 107.20 rupees. Tina Ambani, wife of Anil Ambani, rang the bell signalling the listing of Reliance Home Finance's stock. Speaking at the listing function Anmol Ambani, executive director, Reliance Capital Ltd, said the company will leverage the growth prospects of the untapped housing market. Reliance Capital holds 51 per cent in Reliance Home Finance.

"All Shareholders of Reliance Capital Ltd have already received one free share of Reliance Home Finance Ltd for every share held in Reliance Capital Ltd as on Record Date i.e. September 6, 2017," Reliance Capital had said earlier in a statement.

Reliance Home Finance has assets under management (including securitised portfolio) of 13,022 crore rupees ($2 billion) as of June 30, 2017.

At around 10.25am Reliance Home shares were changing hands at 109.20 rupees at BSE.

Source: Khaleej Times