Indiabulls Housing Finance Ltd - 535789 - Indiabulls Housing Finance Ltd. [The Company] Sells Part Of Its Stake In Oaknorth Bank Ltd.
On the subject we wish to place the following on record, Indiabulls Housing Finance Limited ['the Company'] has sold a portion of its stake in OakNorth Holding Ltd. [the wholly owning parent company of OakNorth Bank Ltd.] ['OakNorth'], to HighSage Ventures LLC for ? 440 crores. The sale proceeds will be accretive to the regulatory net worth and the CRAR of the Company. Financial Times ranked OakNorth Bank as the fastest growing company in Europe across all sectors in its 'FT 1000 - Europe's Fastest Growing Companies 2020' rankings. For details, refer attachment.10-09-2020