Corporate News 11-May-21
Indiabulls Housing Finance to divest its entire stake in MF biz to Groww Group
For consideration of Rs 175 crore
Indiabulls Housing Finance along with its wholly owned subsidiary companies Indiabulls Asset Management Company (IAMCL) and Indiabulls Trustee Company, Trustee of IAMCL, (ITCL) has executed definitive transaction document with Nextbillion Technology, part of Groww Group (hereinafter referred to as “Groww”), to divest its entire stake in mutual fund business, being carried out by IAMCL & ITCL to the Groww at an aggregate purchase consideration of Rs 175 crore (including cash and cash equivalents of Rs 100 crore, as on closing date) (Transaction) subject to necessary approvals, as may be required in this regard.
Previous News
Indiabulls Housing board OKs raising Rs 5000 cr
( Hot Pursuit - 18-Jan-24 12:36 )
Indiabulls Housing Finance allots NCDs aggregating to Rs 129.59 cr
( Corporate News - 26-Mar-24 13:16 )
Indiabulls Housing gets CCI nod to divest mutual fund business
( Hot Pursuit - 13-Sep-21 09:17 )
Indiabulls Housing Finance to allot FCCBs aggregating USD 150 mn
( Corporate News - 04-Mar-21 17:34 )
Board of Indiabulls Housing Finance approves raising up to Rs 10,000 cr via debt issuance
( Corporate News - 15-Mar-24 13:30 )
Indiabulls Housing Finance consolidated net profit rises 3.24% in the June 2021 quarter
( Results - Announcements 06-Aug-21 07:47 )
Indiabulls Housing Finance consolidated net profit declines 8.00% in the December 2021 quarter
( Results - Announcements 09-Feb-22 17:36 )
Indiabulls Housing Finance raises Rs 682.87 cr through QIP issue
( Corporate News - 15-Sep-20 09:10 )
Indiabulls Housing Finance Ltd leads gainers in 'A' group
( Hot Pursuit - 01-Jul-20 12:00 )
Indiabulls Housing Finance allots NCDs aggregating Rs 153 cr
( Corporate News - 31-May-24 13:21 )
Indiabulls Housing Finance divests its stake in OakNorth for Rs 440 cr
( Corporate News - 10-Sep-20 16:12 )
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