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25-Jul2017

Reliance Capital gets nod for demerger scheme

Financial services major Reliance Capital has received its shareholders approval for the demerger scheme for Reliance Home Finance. The demerger will facilitate the independent listing of Reliance Home Finance on the stock exchanges in the next few months.

The demerger scheme -- which will facilitate in the independent listing of Reliance Home Finance -- was approved by 99.59 per cent votes in favour of the 'Scheme of Arrangement' at the Tribunal-convened General Shareholders Meeting held on July 24, 2017.

Reliance Capital, a part of the Reliance Group, is one of India's leading private sector financial services companies. It ranks amongst the top private sector financial services and banking groups, in terms of net worth.


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