NSE, BSE gives no objection to listing of Rel Home Fin

Mumbai : The country’s two bourses National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) have given their consent for the independent listing of Reliance Home Finance, Reliance Capital Ltd, part of Anil Ambani-led Reliance Group, said on Wednesday. In a statement here, Reliance Capital said it has received the requisite “No-Objection” from both National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) to the scheme filed, facilitating the independent listing of Reliance Home Finance on the bourses.”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,” the statement said.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. Reliance Home Finance has already announced strong financial results for the year ended March 31, 2017.