Receives 'No-Objection' from NSE and BSE
Reliance Capital has received the requisite No-Objection from both National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) to the Scheme filed, which will facilitate the independent listing of Reliance Home Finance (subsidiary of Reliance Capital) on stock exchanges.The Company is proceeding with filing the scheme of demerger with the National Company Law Tribunal for approval, and Reliance Home Finance is on track to be independently listed on stock exchanges during the next few months.
As part of the listing proposal, nearly one million shareholders of Reliance Capital will be allotted One Share free of cost in Reliance Home Finance for every One Share held in Reliance Capital.
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