SME Times is powered by   
Search News
Just in:   • India needs to diversify export portfolio: Report  • Domestic airlines to fly 12,983 flights per week this winter  • New energy policy won't violate deals with US, Canada: Mexican Prez  • 'Digitisation need of the hour for logistics sector'  • KTR calls for empowering states to boost country's growth 
Last updated: 16 Oct, 2020  

indiabulls-THMB.jpg Indiabulls Housing sells more stake in OakNorth Holdings for Rs 220 cr

indiabulls.jpg
   Top Stories
» India needs to diversify export portfolio: Report
» 'Digitisation need of the hour for logistics sector'
» 'IBC raised confidence of all investors in economy'
» Relief to borrowers on loans not repaid during 6-month moratorium
» GST return filing deadline extended, again
SME Times News Bureau | 16 Oct, 2020
Indiabulls Housing Finance on Friday said that it has sold further stake in OakNorth Holdings to Rs 220 crore.

OakNorth Holdings is the parent company of the London-based OakNorth Bank.

In a regulatory filing Indiabulls Housing said that with the latest stake sale, the company has raised a total of Rs 2,493 crore as fresh equity in the month of September and October 2020 -- Rs 683 crore through QIP and Rs 1,810 crore through sale of stake in OakNorth -- adding to the regulatory equity capital of the company.

The sale proceeds will be accretive to the regulatory net worth and the CRAR of the company, it said.

"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," said the filing,

The company has issued bonds of Rs 2,780 crore in the current fiscal till date and has raised Rs 2,493 crore in fresh equity in the current fiscal till date adding to the regulatory equity capital of the company.
 
Print the Page
Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
66.20
64.50
UK Pound
87.50
84.65
Euro
78.25
75.65
Japanese Yen 58.85 56.85
As on 26 Oct, 2020
  Daily Poll
COVID-19 has directly affected your business
 Yes
 No
 Can't say
  Commented Stories
» 'Centre open to further economic stimulus'(1)
» Delay in dealing with GST refund delays(1)
» NPAs hurdle to banks' rate cut transmission(1)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter