Share of the company owned by Anil Ambani Reliance Home Finance Limited(NSE: RHFL) also got attention on Thursday. The company’s stock has hit an upper circuit of 5% today and the stock reached an intraday high of Rs 3.44.
Earlier on Wednesday also, this stock had an upper circuit. However, after the recent action of SEBI, most of the shares of Anil Ambani’s companies were in lower circuits.
Reliance Home Finance Limited was also continuously hitting the lower circuit. Here, there has been a big change in the management of the company.
The company has told the stock market that Shanil Jain will no longer hold the post of Chief Financial Officer and Kritika Gada will no longer hold the post of Company Secretary and Compliance Officer.
Let us tell you that the shares of these companies have been falling since SEBI recently banned Anil Ambani and 24 others from the securities market for five years on charges of misappropriation of funds from Reliance Home Finance Limited.
SEBI also handed down the fine of 25 crore against Ambani.
Condition Of The Share Of The Company
If we look at Reliance Home Finance’s share history, its price was Rs 6.22 on 9 January 2024. This is the 52-week high of the share. At the same time, on 17 August 2023, the share was at Rs 1.61. This is the 52-week low of the share.
The share had touched the level of Rs 120 a few years ago. Let us tell you that this stock has fallen 15% in a month and has fallen 25% so far this year YTD. However, this stock has seen a rise of up to 85% in a year.
Shareholding Pattern Details
The public shareholding of Reliance Home Finance is 99.26 %. In addition, promoter Anil Ambani’s family holds a stake in the company of 0.74%.
Life Insurance Corporation of India i.e. LIC holds a significant share of the publicly traded shareholders. LIC holds 74,865,599 shares of Reliance Company. This is equivalent to a 1.54 % stake.
Quick Fact
Company name: Reliance Home Finance
| Company name | Reliance Home Finance |
|---|---|
| Owned by | Anil Ambani |
| CFO resigned | Shanil Jain |
| Company Secretary resigned | Kritika Gada |
| SEBI fine on Ambani | ₹25 crore |
| 52-week high | ₹6.22 |
| 52-week low | ₹1.61 |
| Share fall in one month | 15% |
| Share fall YTD | 25% |
| Share rise in one year | 85% |
| Public shareholding | 99.26% |
| Promoter shareholding | 0.74% |
| LIC shareholding | 74,865,599 shares (1.54%) |
| Possible target price | ₹120 |
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