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Indiabulls Housing Finance promoter sells 2% stake to hedge fund Lone Pine Capital

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Indiabulls Housing Finance promoter sells 2% stake to hedge fund Lone Pine Capital

Jun 18, 2018 2:08 AM

The promoter of Indiabulls Housing Finance has sold a 2 percent stake to US-based hedge fund called Lone Pine Capital.

Lone Pine Capital is a large fund and manages several billion dollars of money and they are the likely buyers of 2 percent stake from the promoters.

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