Friday, September 24, 2021

Indiabulls Housing Finance sells stake worth Rs 251 cr in OakNorth Holdings

"The sale proceeds will be accretive to the regulatory net worth and the CRAR (capital-to-risk weighted asset ratio) of the company and will be added to the regulatory equity capital of the company," Indiabulls Housing Finance said in a regulatory filing on Friday.

source https://economictimes.indiatimes.com/industry/banking/finance/indiabulls-housing-finance-sells-stake-worth-rs-251-cr-in-oaknorth-holdings/articleshow/86486876.cms

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