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Promoter sells Indiabulls Hsg shares: SS Mundra says board member nomination discussions soon

videos | Dec 17, 2021 2:08 PM IST

Promoter sells Indiabulls Hsg shares: SS Mundra says board member nomination discussions soon

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A well-telegraphed move at Indiabulls Housing ended yesterday, December 16, after founder promoter Sameer Gehlaut's stake sale.

A well-telegraphed move at Indiabulls Housing ended yesterday, December 16, after founder promoter Sameer Gehlaut's stake sale. The company's chairperson, SS Mundra, said in an interview to CNBC-TV18 that representatives of new investors will be inducted into the board to professionally run the lender with an asset-light model.

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“The idea is to have marquee investors. We would be soon starting a discussion with them about the possibility of nominating their representative on the board,” Mundra said.
According to him, the intent is to make Indiabulls Housing Finance a professionally run company. “Company has moved to asset-light model and doing quite well,” said Mundra.
There has been a complete revamp of Indiabulls Housing board since August 2020, he said.
For the entire interview, watch the video
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