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Indiabulls Housing Finance divests partial stake in OakNorth

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Capital Market

For consideration of Rs 251 cr

Indiabulls Housing Finance has sold a portion of its stake in OakNorth Holdings (the wholly owning parent company of OakNorth Bank plc) (OakNorth) for approximately Rs 251 crore. 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.

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First Published: Sep 25 2021 | 12:09 PM IST

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