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Indiabulls raises funds via sales of its stake in OakNorth Bank

Indiabulls Housing Finance has sold a portion of its stake in OakNorth Holding Ltd., the wholly owni

Indiabulls Housing Finance has sold a portion of its stake in OakNorth Holding Ltd., the wholly owning parent company of OakNorth Bank Ltd., to an existing sovereign shareholder of the Bank for ₹ 82 crores.

The company have sold partial stake in OakNorth for an aggregate amount of ₹ 522 Crores, to private equity investors, during the last one week.

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

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