Reliance Home Finance Share Price 8 March 2024
📈🏠 Reliance Home Finance Company, part of industrialist Anil Ambani’s group, is hitting the upper circuit in share prices. Most of Anil Ambani’s companies are facing insolvency proceedings due to heavy debt and various challenges, resulting in a sharp decline in their shares.
On Thursday, 8 March 2024, Reliance Home Finance Company’s shares were trading at 3.50 rupees, up by 4.48%. The shares of the company were trading at a price of 110 rupees in the past. Now the share has fallen below 5 rupees. The company’s shares have been hitting the upper circuit consistently in recent days.
In January 2024, Reliance Home Finance Company’s shares were trading at a high of 52 rupees, up from 6.22. Seven years ago, the company’s shares were trading at 110 rupees. However, the share has now fallen by 99% to 3.5 rupees.
Anil Ambani and his family members are part of the promoter group of Reliance Home Finance Company. As of December 2023 quarter, the promoters held a 0.74% stake in the company. Public investors hold 99.26% stake in the company. In June 2023, the promoters held a 43.61% share in the company, with the remaining 56.39% owned by public investors.
Anil Ambani holds 2,73,891 shares of Reliance Home Finance Company in his portfolio. His wife, Tina Ambani, holds 2,63,474 shares of the company. The company is under the supervision of SEBI to protect the interests of investors. SEBI usually monitors such shares because they experience significant fluctuations in prices.
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