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Indiabulls Housing Finance sells stakes in OakNorth Holdings

Friday, 16 Oct 2020
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Indiabulls Housing Finance has sold a portion of its stake in OakNorth Holdings, the wholly- owning parent company of OakNorth Bank for approximately Rs 220 crore. 
The sale proceeds will be accretive to the regulatory net worth and the CRAR of the company. 
With the latest stake sale, the company has raised a total of Rs 2,493 crore as fresh equity in September 2020 and October 2020 (Rs 683 crore through QIP and Rs 1,810 crore through sale of stake in OakNorth).


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