 "Indiabulls Housing Finance sells more stake in OakNorth for Rs 220 crore")
Indiabulls Housing Finance on Friday said it had sold a portion of its stake in OakNorth Holdings, the parent company of OakNorth Bank, for Rs 220 crore. The lender has been gradually selling its stake in the UK-based bank (OakNorth Bank), too.
In the past couple of months, it had sold parts of its stake in OakNorth Bank to US-based Riva Capital Partners for about Rs 441 crore, TEMF, a fund managed by Toscafund Asset Management, for around Rs 630 crore and to HighSage Ventures, a Boston-based investment firm for Rs 440 crore.
The mortgage lender has said the proceeds will be
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