Reliance Home Finance Share Price Target 2025:Reliance Home Finance Ltd, incorporated in 2008, is a housing finance company under the ADAG (Anil Dhirubhai Ambani Group) umbrella. It offers a range of loan solutions and property services, registered with the National Housing Bank.
Business Overview
Promoted by Reliance Capital Limited, Reliance Home Finance Ltd holds a significant stake in the company. It specializes in mortgage-based lending operations and does not accept public deposits.
Services Offered
The company provides various loan solutions, including affordable housing, home loans, LAP, and construction finance. Additionally, it offers property solutions services to help customers find suitable homes or properties, along with financing options.
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Revenue Breakup – FY22
In the financial year 2022, the revenue breakup of Reliance Home Finance Ltd consisted of interest on loans, interest on deposits with banks, interest income from investments, servicing fees, other operating charges, bad debts recovered, and other income.
Default Issues
Reliance Home Finance Ltd has faced challenges with loan repayments and borrowings from financial creditors, leading to defaults. As of March 31, 2022, the company defaulted on borrowings totaling Rs. 10,122.93 Cr.
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Resolution Plan
To address its financial challenges, a resolution plan of Rs. 3,351 Cr was implemented by Reliance Home Finance Ltd’s lenders on March 25, 2023.
Sale of Stake
On August 9th, 2023, Reliance Capital Limited, the parent company of Reliance Home Finance Ltd, sold a significant portion of its equity shares in the company, reducing its shareholding to approximately 2.47%.
Change of Key Management Personnel (KMP)
In recent years, there have been changes in key management personnel at Reliance Home Finance Ltd. Mr. Ravindra Sudhalkar resigned as Chief Executive Officer and was replaced by Mr. Prashant Utreja. Similarly, Mr. Amit Kumar Jha resigned as Chief Financial Officer and was replaced by Mr. Shanil Jain.
Reliance Home Finance Share Price Target 2025
| RHFL Share Price Target Year | Reliance Home Finance Share Price Target |
| Reliance Home Finance Share Price Target 2024 | ₹4.05 |
| Reliance Home Finance Share Price Target 2025 | ₹6.35 |
| Reliance Home Finance Share Price Target 2026 | ₹8.65 |
| Reliance Home Finance Share Price Target 2027 | ₹12.59 |
| Reliance Home Finance Share Price Target 2028 | ₹15.23 |
| Reliance Home Finance Share Price Target 2029 | ₹17.86 |
| Reliance Home Finance Share Price Target 2030 | ₹26.54 |
Conclusion
Despite facing challenges, Reliance Home Finance Ltd has taken steps to address its financial issues through a resolution plan and changes in key personnel. Its services continue to cater to the housing finance needs of customers.
FAQs
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What is the current share price of Reliance Home Finance Ltd?
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How has the sale of stake by Reliance Capital Limited affected Reliance Home Finance Ltd’s operations?
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What are the key services offered by Reliance Home Finance Ltd?
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How has the change in key management personnel impacted Reliance Home Finance Ltd?
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What steps has Reliance Home Finance Ltd taken to address its default issues?
Note-All posts are for Educational purposes.This is not any Investment Advisory.
