Indiabulls Housing Finance sells part of its stake to Riva Capital for Rs 441 crore

01:00:00 AM, Sunday 11th of October 2020 | in business

Indiabulls Housing Finance Limited raised Rs. 441 crore by selling a portion of its stake in OakNorth Holding Ltd to US-based Riva Capital Partners. The deal comes a month after Indiabulls sold a portion of its stake in OakNorth Holding Ltd to HighSage Ventures LLC for Rs. 440 crore. The housing firm has raised a total of Rs 2,273 crore as fresh equity in September and October through sale of stake and institutional placement.