Oaknorth Bank

Indiabulls Housing Finance raises Rs 1,091 crore via foreign currency convertible bonds

The FCCBs, set to mature on March 4, 2026, bear a coupon rate of 4.5 per cent. The bonds are proposed to be listed on Singapore Exchange Securities Trading Ltd.

Indiabulls Housing Finance sells part of its stake in OakNorth Holdings, raises Rs 93 crore

IHFL has raised a total of Rs 2,670 crore as fresh equity in the month of September, October, and November 2020 adding to the regulatory equity capital of the company

OakNorth Bank gets Rs 1,328 cr investment

Indiabulls Housing Finance (IBHFL) said founded in 2015, OakNorth Bank became profitable after just 11 months and within two years of operations has grown its loan book to over GBP 800 million.

UK deal to impact only 1% of total balance sheet:Indiabulls

Gagan Banga, Vice Chairman & Managing Director, Indiabulls Housing Finance said the acquired UK-based company would be a deposit taking franchise and that the financial impact will only be 1 percent of the total balance sheet.

Indiabulls Housing tanks 17% on $100m deal;analysts say buy

Though Nomura has a buy on the stock with a target price of Rs 800 per share, it says minority perspective would have preferred the company wait for this acquisition before the capital raise.