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Indiabulls Housing Prepares For A Makeover As Promoter Heads For Exit
A change in promoter and a new growth strategy — what's next for Indiabulls Housing Finance?
21 Dec 2021, 05:16 PM IST
Indiabulls Housing Finance Ltd., the fifth-largest housing financier in the country, is preparing for a makeover after Sameer Gehlaut sold half of his stake, initiating a process to exit as promoter of the company.In a deal on Dec. 16, Gehlaut sold 11.9% of his 21.67% stake to Blackstone, Abu Dhabi Investment Authority, HSBC, Invesco and Quant Capital. Life Insurance Corp. of India, with 9.9%, is now the largest individual shareholde...
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