Indiabulls pulls out more from OakNorth but gains get clipped from peak valuation

By Beena Parmar

  • 16 Oct 2020
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Credit: Thinkstock

Indiabulls Housing Finance Ltd has raised Rs 220 crore ($30 million) by selling shares of UK-based OakNorth Bank Ltd’s parent, its fifth such stake sale in less than six weeks. The sale proceeds will help improve the company’s net worth and capital adequacy ratio, Indiabulls Housing said in a regulatory filing. ......

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