Indiabulls Housing Finance has raised about Rs 1,205 crore over the last few days through its qualified institutional placement (QIP) and partial stake sale in UK-based OakNorth Bank. The non-banking finance company (NBFC) has raised Rs 682.87 crore through the QIP and Rs 522 crore from the partial stake sale.
The Securities Issuance Committee at its meeting held on September 14, 2020, has approved the closure of the issue period of the issue (QIP) pursuant to the receipt of application forms for an aggregate of 3,47,74,811 fully paid-up equity shares of the company and the funds in the escrow account from eligible qualified institutional buyers in accordance with the terms of the issue, which opened on September 9, 2020. Further, the company has sold a portion of its stake in OakNorth Holding (the wholly owning parent company of OakNorth Bank), to an existing sovereign shareholder of the bank for Rs 82 crore.
Indiabulls Housing Finance is the second largest private housing finance company in India, regulated by the National Housing Bank (NHB).
Company Name | CMP |
---|---|
LIC Housing Finance | 584.90 |
Housing & Urban Dev. | 232.35 |
Bajaj Housing Financ | 126.95 |
Sammaan Capital | 149.90 |
PNB Housing Finance | 846.65 |
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