Shares of Reliance Home Finance plummetted over 12% on Monday after a series of block deals before the weekend hit the stock.
What Happened? Anil Ambani’s Reliance Capital sold 2.4 crore shares in the home loan company on Friday at an average price of ₹2.82 per share, according to exchange data. This amounts to around ₹6.82 crore.
The shares sold represent around 5.5% of Reliance Home Finance’s total makret cap.
Price Action: Reliance Home Finance’s share price tumbled 12.07% to ₹2.55 on Monday, reachin its lowest level since April.
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