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Japan’s SoftBank infuses Rs.2,800 crore in Indiabulls’ UK home-loan arm OakNorth

Japanese multinational holding conglomerate SoftBank led a $440-million investment round in British digital lender OakNorth Bank, a firm in which Indiabulls Housing Finance is a shareholder. While SoftBank’s $100-billion Vision Fund has pumped in a capital of $390 million (?2,800 crore) in OakNorth Bank, the remaining funding ($50 million) has come from an existing investor, Clermont Group.

News Source:- https://www.thehindubusinessline.com/money-and-banking/japans-softbank-infuses-2800-crore-in-indiabulls-uk-home-loan-arm-oaknorth/article26218241.ece