Indiabulls Housing Finance raises Rs27cr by selling part of its stake in OakNorth Holdings; Stock dips 2%

The sale proceeds will be accretive to the regulatory net worth and the CRAR of the company.

Sep 28, 2021 09:09 IST India Infoline News Service

Indiabulls Housing Finance
Indiabulls Housing Finance Limited has sold a portion of its stake in OakNorth Holdings Ltd. (the wholly owning parent company of OakNorth Bank plc) for ~Rs27cr.

The sale proceeds will be accretive to the regulatory net worth and the CRAR of the company and will be added to the regulatory equity capital of the company, it said in a regulatory filing on Monday.

Ata round 9.54 am, Indiabulls Housing Finance Ltd was trading at Rs228.25 per piece down by Rs4.8 or 2.06% from its previous closing of Rs233.05 per piece on the BSE.

Related Story