 "Indiabulls Housing Finance")
Mortgage lender Indiabulls Housing Finance has sold some more stake in the UK-based OakNorth Bank to US-based Riva Capital Partners for approximately Rs 441 crore. Last month, it had sold portions its stake in the UK based bank to TEMF Limited, a fund managed by Toscafund Asset Management, for approximately Rs 630 crore and to HighSage Ventures, a Boston-based investment firm, for Rs 440 crore. The proceeds will be used to bolster the capital adequacy ratio of the lender.
With the latest stake sale, the lender has raised Rs 2,273 crore as fresh equity in the month of September and
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