InvestorQ : Is it true that Samir Gehlaut ha entirely sold out his stake in Indiabulls Finance?
rhea Babu made post

Is it true that Samir Gehlaut ha entirely sold out his stake in Indiabulls Finance?

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Riya Dwivedi answered.
5 months ago
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Let me clarify that Sameer Gehlaut has sold out 12% in Indiabulls Housing Finance but will still retain 9.8% in the company. The idea here is to reduce his holdings to below 10% so that he can be de-classified as the promoter of the group. Gehlaut has promoted another digital Fintech company, Dhani Services, which was demerged from Indiabulls. He will continue to hold 9.8% stake in Indiabulls Housing Finance as an investment.

Dhani is a fast growing Fintech play which focuses on building a world-class Fintech and DigiHealth platform in India. Gehlaut had already stepped down from the chairmanship of the Indiabulls group in Aug-20.

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