look news india
Reliance Home Finance shares have given returns of up to 39% in the last one month and a rise of 34% in the last five years. However, in the long run this has proved detrimental for investors. The company’s share price was Rs 107 on September 22, 2017, and since then it has fallen by 99%. Currently, Reliance Home Finance shares have 52 weeks highest price of Rs 6.22 and lowest price of Rs 2.15. The total market cap of the company is Rs 185.59 crore.
fine imposed by sebi
The Securities and Exchange Board of India (SEBI) last year took action against Reliance Home Finance Limited in a case of illegal misappropriation of funds. SEBI ordered payment of Rs 130 crore to five parties, including Netizen Engineering and Citi Securities and Financial Services. These parties have been warned that if they fail to pay within 15 days, their properties and bank accounts will be attached. The notice was sent to Netizen Engineering Pvt Ltd, Gamesa Investment Management Pvt Ltd, Vinayak Ventures Pvt Ltd, Deep Industrial Finance Ltd and Citi Securities and Financial Services Pvt Ltd. Subsequently, in November, SEBI also issued a demand notice of Rs 26 crore to Reliance Big Entertainment in the fund misappropriation case of Reliance Home Finance Limited.