+
Indiabulls Housing Finance sells stake in OakNorth Holdings
Real Estate

Indiabulls Housing Finance sells stake in OakNorth Holdings

Indiabulls Housing Finance has sold a stake in OakNorth Holdings worth Rs 251 crore, and the funds would be added to its equity capital.

The sale proceeds will be accretive to the company's regulatory net worth and capital-to-risk-weighted-asset-ratio (CRAR) and will be added to the regulatory equity capital, Indiabulls Housing Finance said in a regulatory filing on Friday.

In 2020, the company sold two portions of its stake in the UK-based OakNorth, raising Rs 1,070 crore.

OakNorth Bank was founded in September 2015, with Indiabulls Housing Finance investing Rs 663 crore for a 40% stake in the bank in November 2015.

Indiabulls Housing Finance Ltd's stock closed at Rs 225.70 per share on the Bombay Stock Exchange, down 1.76% from its previous close.

Image Source


Also read: Indiabulls Housing Finance raises $165 mn by selling convertible bonds

Indiabulls Housing Finance has sold a stake in OakNorth Holdings worth Rs 251 crore, and the funds would be added to its equity capital. The sale proceeds will be accretive to the company's regulatory net worth and capital-to-risk-weighted-asset-ratio (CRAR) and will be added to the regulatory equity capital, Indiabulls Housing Finance said in a regulatory filing on Friday. In 2020, the company sold two portions of its stake in the UK-based OakNorth, raising Rs 1,070 crore. OakNorth Bank was founded in September 2015, with Indiabulls Housing Finance investing Rs 663 crore for a 40% stake in the bank in November 2015. Indiabulls Housing Finance Ltd's stock closed at Rs 225.70 per share on the Bombay Stock Exchange, down 1.76% from its previous close. Image SourceAlso read: Indiabulls Housing Finance raises $165 mn by selling convertible bonds

Related Stories

Gold Stories

Next Story
Infrastructure Energy

Inside a Pumped Storage Project: How It Actually Balances the Grid

What happens when the sun sets just as electricity demand starts to rise? Solar generation falls, but homes, factories and businesses still need power. Pumped storage power plants help bridge this gap by storing surplus electricity as gravitational potential energy in elevated water and releasing it when demand increases. As India adds more solar and wind capacity, this ability to shift electricity across hours is becoming increasingly important for grid flexibility.What is a Pumped Storage Power Plant?A pumped storage power plant (PSP) is a long-duration energy storage facility with two reser..

Next Story
Technology

LTTS launches FARM to accelerate deep-tech startups

L&T Technology Services (LTTS) has launched LTTS FARM, a startup engagement platform aimed at accelerating the commercialisation of deep-tech innovations through Engineering Intelligence-led collaboration, co-innovation and market access.Built on the theme of “Collaboration First, Commercialisation Next”, the platform targets startups with Technology Readiness Level (TRL) 4+ solutions that have demonstrated technical feasibility and are ready for industry adoption. LTTS FARM will support startups aligned with LTTS’ key technology focus areas, including Software Defined Mobility, Plan..

Next Story
Infrastructure Energy

REC Wins Top Honour for Hindi Policy Implementation

EC Limited has received the First Prize for outstanding implementation of the Official Language Policy for 2025-26 at the meeting of the Hindi Salahkar Samiti of the Ministry of Power, Government of India.The award was presented to REC by Shri Manohar Lal, Union Minister of Power and Housing and Urban Affairs. Shri Shripad Yesso Naik, Minister of State for Power and New and Renewable Energy; Shri Dinesh Sharma, Rajya Sabha MP; Shri Suresh Kumar Kashyap, Lok Sabha MP; and Shri Pankaj Agrawal, Secretary, Ministry of Power, were also present. Shri Jitendra Shrivastava, IAS, CMD, REC, received the..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code