Indiabulls dilutes stake in UK arm, raises Rs 441cr

After raising Rs 2,200 crore through a combination of institutional offers and stake sales in its business arms in the September quarter, Indiabulls Housing Finance on Friday said it raised another Rs 441 crore through part-sale of its stake in the UK-based bank OakNorth. It is also planning another institutional placement in the current quarter to further bolster its reserves, sources said.

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