Most of Anil Ambani’s company’s shares saw a bumper rise.
Shares of Anil Ambani’s housing finance company Reliance Home Finance Limited (NSE: RHFL) rose by 5%.
There was an upper circuit in it. The company’s share reached Rs 4 on the NSE today. Let us tell you that Reliance Power and Reliance Ifra have announced to reduction in their debt.
The result was seen on the share of Reliance Home Finance Limited. Let us tell you that Life Insurance Corporation i.e. LIC has a major stake in Reliance Home Finance Limited.
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Shares’ Condition
Talking about the history of Reliance Home Finance shares, this share has climbed up to 125% in a year.
During this period, its price increased from Rs 1.80 (closing price of 18 September 2023) to the current price of Rs 3.99.
On 9 January 2024, its price was Rs 6.22. The 52-week highest price for the share. On 17 August 2023, the share price was Rs 1.61.
This is the stock’s 52-week low. On 22 September 2017, the price of this stock reached Rs 107.
LIC Has A Big Wager
The Life Insurance Corporation of India has a large stake among public shareholders. LIC owns 74,865,599 shares in Reliance Company, representing a stake of about 1.54 percent.
The public shareholding of Reliance Home Finance amounts to 99.26 %. The promoter, the Anil Ambani family, owns a 0.74 percent stake.
Quick Fact
| Company name | Reliance Home Finance |
|---|---|
| Stakeholder (Public) | 99.26% of total shares |
| Stakeholder (Promoter) | 0.74% (Anil Ambani family) |
| Stakeholder (LIC) | 1.54% (74,865,599 shares) |
| Share price increase (1 year) | 125% |
| Previous low price (Aug 17, 2023) | ₹1.61 |
| Previous high price (Jan 9, 2024) | ₹6.22 |
| Current price (Sep 19, 2023) | ₹4.18 |
| Previous price (Sep 18, 2022) | ₹1.80 |
| Public shareholder | Life Insurance Corporation (LIC) |
| Price rise (today) | 5% |
| Upper circuit price (today) | ₹4 |
| Debt reduction impact | Positive on share |
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