Reliance Capital To List Home Finance Arm, Shares Hit 52-Week High

Shares of Reliance Capital surged as much as 10 per cent to hit fresh 52-week high of Rs 586.45 after the company on Tuesday announced its plans to list its housing finance business on the stock markets. The Anil Ambani-promoted financial services firm aims to attain a loan book of over Rs 50,000 crore, from housing finance business in the next few years. Reliance Capital would retain 51 per cent stake in the separately listed vent...