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Indiabulls Housing Finance on Friday said it has sold further stake in OakNorth Bank to Riva Capital Partners V, LP, US, for ₹441 crore. 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, Indiabulls HF has raised a total of ₹2,273 crore as fresh equity in September and October 2020 and has used it to add to the regulatory equity capital.
The fund raise includes ₹683 crore through QIP and ₹1,590 crore through sale of stake in OakNorth. Shares of Indiabulls HF closed 3.92 per cent higher at ₹154.90 on BSE.
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