Indiabulls Housing Finance sells part of its stake in OakNorth Holdings

Photo: Pradeep Gaur/Mint

Mortgage lender Indiabulls Housing Finance Ltd on Sunday announced that it has raised approximately 93 crore by selling a portion of its stake in OakNorth Holdings Ltd. “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, the company has raised a total of  2,670 crore as fresh equity in the month of September, October and November (  683 crores through QIP and  1,987 crores through sale of stake in OakNorth) adding to the regulatory equity capital, it further stated.

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