Indiabulls Housing Finance news

As per the news from Zee Business big investors like Appolo PE can buy stakes in Indiabulls housing finance at Rs 275-300 

This deal is not yet finalised and informed to NSE. Most likely Appolo PE is likely to sign agreement with Indiabulls Housing Finance 

This deal may fetch around Rs-2200cr to 2500 Cr. As per the deal Applo PE may have two seats on the board and prmototers are likely provide

4% share and 16% preferential allotment. Total promoter holding as on record is 21.69%, Mutual Funds holds 0.32%,Other Domestic Institutions 9.93%

Foreign Institutions holds 27.95% and Retail and Others hold 40.08%. Last quarter the company posted lose while from last 3 years its share vale was down from 1100 INR to now 241 INR.

As per the new deals and restructering the company may ger re-rated.

By : | Category : Business and Economy| Sub Category : Indian Business News|Date : January 08,2021

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