mumbai aug 29 leading stock exchnage bse today said reliance capital will be shifted out of the bse sp indices from september 5 as the financial services provider is demerging its real estate lending business the company would be excluded from 11 sp bse indices including sp bse allcap sp bse 200 sp bse 100 sp bse sensex next 50 sp bse midcap and sp bse largemidcap indices reliance capital is demerging its real estate lending business which will be later merged with reliance home finance limited an unlisted subsidiary of reliance capital a bse notice issued today said on account of this scheme of arrangement effective at the open of september 5 changes will be made to the sp bse indices it said as per the notice avantha group firm crompton greaves consumer electricals would replace reliance capital on sp bse 100 as well as sp bse sensex next 50 while indiabulls real estate would replace the financial services provider on the sp bse 200 further time technoplast would take reliance capitals place on sp bse 500 index reliance home finance a 100 per cent subsidiary of reliance capital provides a wide range of solutions like home loans construction finance and affordable housing loans reliance capital yesterday said its shareholders will get a free share of reliance home finance rhf for each rcap stock held as on september 6 the anil ambaniled company had received approval in june from national company law tribunal nclt for shareholders meeting on demerger of rhf facilitating independent listing of the home finance unit on exchanges rhf had assets under management aum of rs 13022 crore usd 2 billion as of june 30 2017 and is expected to be listed on the exchanges in september ssm aa ars