Investor Presentaiton
OakNorth Bank Investment:
Annualised IRR of 48% in Six Years
Event
Indiabulls
HOUSING FINANCE
Amount in Cr
Annualised
Period
Nov 2015
Dec 2017
Acquired 39.76% stake in Oak North Bank
Sold one-third stake to GIC - sovereign wealth fund of Singapore
Sep-20 to Oct-21 Sold stake to multiple funds
Total Value of Investment
Amount
IRR
663
768
2,281
3,049
48%
In Nov 2015, IBH had acquired 39.76% stake in OakNorth Bank for USD 100 Mn [663 Cr]. The
Company's stock fell 25% the day after announcement of investment in OakNorth Bank
Through various rounds of secondary market sale, IBH has realized monies of 3,049 Cr against
the original investment, realizing an annualised IRR of 48% over 6 years
IBH has now fully exited this investment and now holds no stake in OakNorth Bank
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