The Indiabulls group’s decision to sell 14 per cent stake in Indiabulls Real Estate is expected to help its financing arm, Indiabulls Housing Finance. The deal comes at a time when the non-banking lending space is grappling with liquidity issues. “The stake sale is likely to improve leverage and give liquidity support to Indiabulls Housing.
Incremental disbursements in the retail and non-retail segments, and managing liquidity, are key triggers for the stock,” says Shubhranshu Mishra, analyst at Bank of Baroda Capital markets. The move, however, may not lead to ...
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