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Indiabulls HF sells more in OakNorth

Our Burea Mumbai | Updated on October 09, 2020 Published on October 09, 2020

Indiabulls Housing Finance on Friday said it has sold further stake in OakNorth Bank to Riva Capital Partners V, LP, US, for ₹441 crore. The sale proceeds will be accretive to the regulatory net worth and the CRAR of the company, it said in a regulatory filing.

With the latest stake sale, Indiabulls HF has raised a total of ₹2,273 crore as fresh equity in September and October 2020 and has used it to add to the regulatory equity capital.

The fund raise includes ₹683 crore through QIP and ₹1,590 crore through sale of stake in OakNorth. Shares of Indiabulls HF closed 3.92 per cent higher at ₹154.90 on BSE.

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Published on October 09, 2020
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