Authum Investment & Infrastructure acquired assets of both finance companies in an out-of-court resolution process. Under the resolution plan, Authum acquired Rs 11,540-crore debt of Reliance Home Finance for Rs 3,351 crore and the Rs 9,000-crore loan book of Reliance Commercial for Rs 1,629 crore.

Reliance Capital sells 45% stake in home finance arm for Rs 54 crore

Reliance Home F Standalone June 2023 Net Sales at Rs 0.12 crore, down 99.87% Y-o-Y

Earlier, the Supreme Court had paved the way for Authum by ruling against Bombay HC’s December 2022 order

Authum Investments completes acquisition of Reliance Home

“Authum has transferred the requisite amounts to secured creditors and the business transaction agreement has been signed by lenders to hand over the assets to them. This brings an end to a process which began almost three years ago,” said a person familiar with the deal.

Authum completes Rs 3,351 cr takeover of Reliance Home Finance Ltd

Monies aggregating about ₹6,600 crore, are expected to be received from the resolution of Sintex Industries and Reliance Home Finance

Banks could see best quarterly recoveries via IBC

The court, however, said that dissenting debenture holders should be given the option to accept the terms of the resolution plan or they can pursue other legal remedies to recover their dues.

Supreme Court asks Authum Investments and Infrastructure to implement resolution plan for Reliance Home Finance

Asks Authum Investments to make the required payments by month-end

SC clears the way for Authum Invest to acquire Reliance Home Finance

The Securities and Exchange Board of India (Sebi), however, opposed it alleging violation of its circular related to voting process of debenture holders (DHs). A Bench led by Justice BR Gavai - while reserving its judgment on giving approval for AII’s resolution process (RP) - asked all parties to f…

Ready to take over Reliance Home Finance by Mar 31: Authum tells SC

Reliance Home F Standalone December 2022 Net Sales at Rs 140.77 crore, up 86.08% Y-o-Y

Reliance Home Finance reports standalone net loss of Rs 249.23 crore in the December 2022 quarter

The Delhi High Court on December 21 vacated a stay on the distribution of proceeds from the sale of RHFL after two disputing creditors - a Shapoorji Pallonji entity and lenders led by Bank of Baroda - agreed on a ‘conditional settlement’.

Lenders set to recover settlement amount for Reliance home finances

Hasn't fared well - amongst the low performers

Performance

Undervalued compared to the market average

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

The stock has a moderate number of red flags

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Reliance Home Finance is a provider of home loans