Sameer Gehlaut

Sameer Gehlaut to halve holding in Indiabulls Housing Finance

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Mumbai: promoter Sameer Gehlaut is set to sell more than half of his holding in the company via a block deal, which will be valued at ₹1,443 crore early Thursday morning and reduce his stake below 10%, a term sheet issued by Jefferies India showed, and confirmed by two people familiar with the deal. The … Read more

Sameer Gehlaut resigns as executive chairman of Indiabulls Housing Finance

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NEW DELHI: Sameer Gehlaut, Executive Chairman of Indiabulls Housing Finance, resigned from his position with immediate effect to focus more on the role of Chief Executive Officer of Indiabulls Ventures, another company that he promotes. He will be replaced by Subhash Sheoratan Mundra, ex-RBI deputy governor, the company said. “The board noted that the appointment … Read more