RHFL, backed by Reliance Capital Restricted (RCL) and a part of the ADAG (Anil Dhirubhai Ambani Group), holds vital potential as a housing finance firm. With a concentrate on mortgage-based lending operations and a variety of mortgage options together with inexpensive housing, dwelling loans, LAP, and building finance, RHFL affords numerous alternatives. Moreover, its property options companies add worth by aiding prospects to find appropriate properties alongside financing.As of February 9, 2024, with RHFL’s share worth at 4.05, does it current a possible alternative for long-term funding?
Unsure whether or not to chuckle or cry at this publish. Please do a little bit of analysis earlier than placing in your hard-earned cash in random shares.
Mrinal_67:
As of February 9, 2024, with RHFL’s share worth at 4.05, does it current a possible alternative for long-term funding?
NO … An enormous NO.
Mrinal_67:
RHFL, backed by Reliance Capital Restricted (RCL) and a part of the ADAG (Anil Dhirubhai Ambani Group),
So many contradiction in first line itself. RHFL isn’t any linger backed by RCL and RCL is not a part of ADAG.If you’re not conscious, they went into chapter 11 and lot of issues have modified.
New proprietor of RHFL has virtually stopped the enterprise and firm goes via liquidation.Neither first line not every little thing you wrote after first line is true anymore. Don’t fall for such penny shares.
The Financial Instances
Reliance Dwelling Finance headed for voluntary liquidation, surrenders CoR
The Reserve Financial institution of India (RBI) has granted approval for Reliance Dwelling Finance’s voluntary exit from the house finance enterprise. Authum Funding and Infrastructure Ltd, which acquired Reliance Dwelling Finance a 12 months in the past, has proposed the voluntary…
Thanks for shedding mild on the matter.
Don’t you assume below the administration of Authum Funding & Infrastructure Restricted, Reliance Capital Finance Restricted (RCFL) has the potential to bear vital transformations and obtain outstanding ends in the long run?With Authum’s experience in funding, securities, and financing actions, coupled with its dedication to enhancing stakeholder worth,hope RCFL is poised for a promising future.
Mrinal_67:
Don’t you assume below the administration of Authum Funding & Infrastructure Restricted, Reliance Capital Finance Restricted (RCFL)
No Authum didn’t took over RCFL. They simply took over RHFL and are closing it downRCFL is separate entity with separate chapter course of and a brand new proprietor.
My advise could be to avoid each of them.
Authum hasn’t acquired RHFL with the intention of shutting it down. Whereas RHFL has surrendered its certificates of registration to the Nationwide Housing Financial institution and the RBI has canceled its license particularly for housing finance, RHFL will proceed to function in different segments. The main target will now shift in the direction of these different segments, highlighting a strategic redirection reasonably than closure.