Indiabulls Housing looking to offload minority stake

Indiabulls Housing Finance has hired investment bank Moelis to sell a significant minority stake to one or more financial investors. The non-banking finance company has opened a ‘data room’ this week to initiate the proposed deal. Some of the private equity houses and asset managers which may be sounded out by Moelis are TPG, Lonestar, Oaktree, Brookfield, besides Apollo Global which had done a due diligence of the company earlier. A new set