Updates
IHFL has sold 1/3 of its stake in OakNorth Bank Ltd., i.e. ~10% of the Bank to Government of Singapore owned investment arm GIC for Rs.770 Cr. IHFL had invested Rs.663 Cr. in Nov 15 for a 40% stake in the Bank. With this partial divestment IHFL has recovered its entire investment in Bank made 2 years ago. The balance investment of IHFL in Bank is worth Rs.1510 Cr. at current valuation. Post this sale, IHFL continues to be the single largest...14-11-2017