Indiabulls Housing Finance sells stake in OakNorth Holdings

25 Sep 2021 CW Team

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

Infrastructure Energy

18 Sep 2025

World Must Boost Renewables Fivefold by 2030: IEC Chief

The world needs to expand renewable energy capacity fivefold to 11,000 GW by 2030, International Electrotechnical Commission (IEC) President Jo Cops said on Monday, as experts from over 100 countries gathered in New Delhi for the IEC’s 89th General Meeting.Cops emphasised that solar panels manufactured to international standards must work reliably across geographies, while grid interconnections should follow universal protocols, forming a shared technical language to drive sustainability.Consumer Affairs Secretary Nidhi Khare described the event as a “historic occasion” that brings toget..

Suzlon Wins 838 MW Wind Project From Tata Power

Suzlon Group has bagged an 838 MW order from Tata Power Renewable Energy Ltd (TPREL), a subsidiary of Tata Power, marking its largest order in FY26 and the second-largest in its history after the 1,544 MW deal with NTPC Green Energy Ltd.The project will see the installation of 266 of Suzlon’s S144 wind turbines, each with a rated capacity of 3.15 MW. These will be spread across Karnataka (302 MW), Maharashtra (271 MW), and Tamil Nadu (265 MW), forming part of the FDRE bids awarded to SJVN and NTPC.Girish Tanti, Vice Chairman of Suzlon Group, highlighted that this third repeat order from Tata..

Avaada Commissions 11 Solar Projects In Maharashtra

Avaada Group has commissioned 11 solar power projects in Yavatmal district, Maharashtra, under the Mukhyamantri Saur Krushi Vahini Yojana (MSKVY) 2.0 to deliver reliable daytime power for irrigation and strengthen the state’s clean energy transition.The projects include a 4 MW plant at Kinhi, 3 MW each at Baldi and Dongarkharda, 2 MW each at Bansi and Patan, a 5 MW facility at Mhasola, 2 MW at Galwa, 4 MW each at Pathrad and Parjana, and 3 MW each at Sawargaon and Sarfali. Together, these are expected to benefit nearly 14,900 farmers across 167 villages by improving irrigation facilities, re..