Delhi High Court orders Bank of Baroda led consortium to halt declaring Reliance Home Finance as fraud account
NEW DELHI: Reliance Capital on Monday said that the high court has ordered lenders under a consortium led Bank of Baroda to keep in abeyance their action to declare its two group firms as fraud accounts. According to regulatory filings by Reliance Capital and its subsidiary Reliance Home Finance Ltd (RHFL), the companies had moved […]
Reliance home finance extends Rs 400 crore NCD maturity
MUMBAI: Housing finance company Reliance Home Finance Ltd said the maturity of certain non-convertible debentures (NCD) totalling Rs 400 crore has been extended till October 31. In a statement issued here, the company said the extension of the maturity date has been done with the formal written consent of the concerned Debenture Trustees and NCD […]
SEBI, MCA probing PWC’s resignation as auditor of Reliance Home Finance
NEW DELHI: Regulator SEBI and the Ministry of Corporate Affairs are looking into the sudden resignation of PWC as auditor of Reliance Capital and Reliance Home Finance and have asked the stock exchanges to collect all necessary information including trade details and statements made by the three entities. The development assumes significance in the wake […]
Reliance Home Finance’s net profit up 37% at Rs 55 crore in Q3 FY19
NEW DELHI: Reliance Home Finance, part of Reliance Capital, on Tuesday posted a 37.5 increase in net profit after tax at Rs 55 crore in three months ended December 31, 2018. In comparison, the company had reported a net profit after tax of Rs 40 crore in October-December quarter of 2017, Reliance Home Finance Ltd […]