New Delhi: Home First Finance The company’s two promoters as well as a Warburg Pincus associate on Thursday sold shares of the affordable housing finance firm worth Rs 753 crore through an open market transaction. Company promoter– True North Fund V LLP And Ather Mauritius Ltd.–and Orange Clove Investments B.V.The subsidiary of Warburg Pincus sold shares on BSE in two tranches.
According to bulk deal data available with BSE, True North Fund V LLP disposed of 34,60,699 shares and Ather Mauritius sold 23,07,229 shares, equivalent to 3.9 per cent and 2.6 per cent stake in the Mumbai-based company.
Orange Clove Investments BV also sold 28,83,819 shares or 3.27 per cent stake in the housing finance company, according to the data.
The shares were sold in the range of Rs 870-871.13, taking the combined deal size to Rs 753.12 crore.
After the latest transaction, the combined shareholding of the promoters has come down to 23.69 per cent from 30.19 per cent, while Orange Clove Investments BV’s equity in the company has come down to 23.16 per cent from 26.43 per cent.
Meanwhile, Smallcap World Fund Inc and Fidelity Global Investment Fund Asia Pacific Equity Fund acquired a total of 28.71 lakh shares of the affordable housing finance firm.
Shares of Home First Finance Company India closed 3.99 per cent lower at Rs 877.65 on BSE on Thursday.
In May, two promoter companies – True North Fund V LLP and Ather Mauritius – and Orange Clove Investments BV sold shares of Home First Finance Company India for Rs 330 crore through open market transactions.
According to bulk deal data available with BSE, True North Fund V LLP disposed of 34,60,699 shares and Ather Mauritius sold 23,07,229 shares, equivalent to 3.9 per cent and 2.6 per cent stake in the Mumbai-based company.
Orange Clove Investments BV also sold 28,83,819 shares or 3.27 per cent stake in the housing finance company, according to the data.
The shares were sold in the range of Rs 870-871.13, taking the combined deal size to Rs 753.12 crore.
After the latest transaction, the combined shareholding of the promoters has come down to 23.69 per cent from 30.19 per cent, while Orange Clove Investments BV’s equity in the company has come down to 23.16 per cent from 26.43 per cent.
Meanwhile, Smallcap World Fund Inc and Fidelity Global Investment Fund Asia Pacific Equity Fund acquired a total of 28.71 lakh shares of the affordable housing finance firm.
Shares of Home First Finance Company India closed 3.99 per cent lower at Rs 877.65 on BSE on Thursday.
In May, two promoter companies – True North Fund V LLP and Ather Mauritius – and Orange Clove Investments BV sold shares of Home First Finance Company India for Rs 330 crore through open market transactions.
(TagstoTranslate)Business News(T)Warburg Pincus(T)True North Fund V LLP(T)Orange Clove Investments BV(T)Home First Finance(T)Ather Mauritius