This share fell from ₹ 120 to ₹ 3, the price is continuously falling, LIC has 75 lakh shares.

Reliance Home Finance share: Shares of debt-ridden Anil Ambani’s Reliance Home Finance Limited are continuously in negative. The company’s shares had fallen by 2% to close at Rs 3.74 on Tuesday. This stock has fallen by 7% in the last five days and by 11% in a month. The stock has fallen 20% so far this year YTD and 33% in six months. The 52 week high price of Reliance Home Finance is Rs 6.22 and the 52 week low price is Rs 1.61. Let us tell you that in the year 2017, the price of this share was more than Rs 120. Accordingly, till now this share has fallen by 98%.

LIC also has a big bet

Let us tell you that public shareholding in Reliance Home Finance is 99.26 percent. Life Insurance Corporation of India i.e. LIC also has a major stake in this. According to the shareholding pattern, LIC holds 74,86,599 shares of Reliance Company. This is equivalent to about 1.54 percent stake. At the same time, Anil Ambani, who is the promoter of Reliance Home Finance, has minor shares. Anil Ambani family’s stake in the company is 0.74 percent.

The company was fined

Let us tell you that recently the National Financial Reporting Authority (NFRA) had imposed a total fine of Rs 1.6 crore on an audit company and two auditors for professional and audit related irregularities in Reliance Home Finance. NFRA said in a statement that a fine of Rs 1 crore was imposed on audit firm Dheeraj & Dheeraj, Rs 50 lakh on Piyush Patni and Rs 10 lakh on Pawan Kumar Gupta for irregularities in audit work for the financial year 2018-19. Both Patni and Gupta are partners in Mumbai-based audit firm Dheeraj & Dheeraj. The case pertains to irregularities in the audit of Reliance Home Finance Limited (RHFL) for the year 2018-19. Patni was the Engagement Partner (EP) and Gupta was the Engagement Quality Control Review Partner (EQCR) in this work.

(with agency input)