Indiabulls Housing-backed OakNorth Bank sells 16% stake for $203m

Indiabulls Housing-backed OakNorth Bank sells 16% stake for $203m

FreeDigitalPhotos.net by Stuart Miles.

Indiabulls Housing Finance Ltd-backed OakNorth Bank has sold a 16 per cent stake to three investors for $203 million (Rs 1,318 crore), according to a stock market disclosure. The bank was valued at $1.27 billion.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter