Indiabulls Housing Finance Ltd. raises ₹ 27 crores by selling part of its stake in OakNorth Holdings Ltd

Indiabulls Housing Finance Limited (the "Company") has sold a portion of its stake in OakNorth Holdings Ltd. (the wholly owning parent company of OakNorth Bank plc) ("OakNorth") for approximately ₹ 27 crores. The sale proceeds will be accretive to the regulatory net worth and the CRAR of the Company and will be added to the regulatory equity capital of the Company.

Shares of INDIABULLS HOUSING FINANCE LIMITED was last trading in BSE at Rs. 233.05 as compared to the previous close of Rs. 225.7. The total number of shares traded during the day was 949785 in over 9239 trades.

The stock hit an intraday high of Rs. 234.6 and intraday low of 226.1. The net turnover during the day was Rs. 218897124.

Source : Equity Bulls

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