Indiabulls Housing Finance Ltd - Indiabulls Housing Finance Ltd. Raises ? 20 Crores By Selling Part Of Its Stake In Oaknorth Holdings Ltd.

Indiabulls Housing Finance Limited (the 'Company') has further sold a portion of its stake in OakNorth Holdings Ltd. (the wholly owning parent company of OakNorth Bank plc) ('OakNorth') for approximately ? 20 crores. The sale proceeds will be accretive to the regulatory net worth and the CRAR of the Company.<BR> <BR> With the latest stake sale, the Company has raised a total of ? 2,513 crores as fresh equity in the month of September and October 2020 (? 683 crores through QIP and ? 1,830 crores through sale of stake in OakNorth) adding to the regulatory equity capital of the Company.<BR> <BR> Indiabulls Housing in its category of AA / AA+ rated HFCs/ NBFCs is at the top position for both raising bonds and fresh equity in the current fiscal. The Company has issued bonds of ? 2,780 crores in the current fiscal till date and has raised ? 2,513 crores in fresh equity in the current fiscal till date adding to the regulatory equity capital of the Company.<BR>