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.
Recommended Articles
View All
New Locker Rules — Here's why the RBI has gone overboard
Jan 28, 2023 IST5 Min(s) Read
Meet Padma Shri Awardee Guru K Kalyanasundaram Pillai, the man who is keeping an ancient tradition alive
Jan 27, 2023 IST3 Min(s) Read
This is how the new draft IT rules propose to make online gaming safe
Jan 27, 2023 IST4 Min(s) Read
Rs 11 lakh crore market cap lost in biggest two-day fall in four months
Jan 27, 2023 IST3 Min(s) Read
“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