+
Promoters, Warburg Pincus' Arm Sell 19.6% Stake in Home First Finance
Real Estate

Promoters, Warburg Pincus' Arm Sell 19.6% Stake in Home First Finance

Two promoters of Home First Finance and affiliate of Warburg Pincus, divested 19.6 % stake in the affordable housing finance company for a combined amount of Rs 17.28 billion through open market transactions.

The company's promoters -- Aether Mauritius Ltd and True North Fund V LLP -- have sold the shares of the Mumbai-headquartered Home First Finance. Orange Clove Investments BV, an arm of US-based private equity major Warburg Pincus, also sold shares in two separate transactions on the BSE.

As per the bulk deal data available on the exchange, Orange Clove Investments sold 94.42 shares, or 10.6 % stake, in Home First Finance, while True North Fund offloaded 48.09 lakh shares, amounting to a 5.4 % stake in the company. Additionally, Aether Mauritius also disposed of 32.06 lakh shares, or 3.6 % holding, in the housing finance company. The shares were sold in the price range of Rs 990-990.05 apiece, taking the combined deal value to Rs 17.28 billion.

After the stake sale, Warburg Pincus holding through its arm has come down to 12.3 % from 22.9 % in Home First Finance, while True North's stake has declined to 8.67 % from 14.07 % stake and Aether Mauritius' shareholding in the company also reduced to 5.71 % from 9.31%. Details of the other buyers of Home First Finance shares could not be ascertained. Shares of Home First Finance on Monday rose 2.10 % to close at Rs 1,074.55 apiece on the BSE.

In November last year, True North Fund V, Aether Mauritius, Orange Clove Investments sold 9.8 % stake in Home First Finance for Rs 7.53 billion.

Two promoters of Home First Finance and affiliate of Warburg Pincus, divested 19.6 % stake in the affordable housing finance company for a combined amount of Rs 17.28 billion through open market transactions. The company's promoters -- Aether Mauritius Ltd and True North Fund V LLP -- have sold the shares of the Mumbai-headquartered Home First Finance. Orange Clove Investments BV, an arm of US-based private equity major Warburg Pincus, also sold shares in two separate transactions on the BSE. As per the bulk deal data available on the exchange, Orange Clove Investments sold 94.42 shares, or 10.6 % stake, in Home First Finance, while True North Fund offloaded 48.09 lakh shares, amounting to a 5.4 % stake in the company. Additionally, Aether Mauritius also disposed of 32.06 lakh shares, or 3.6 % holding, in the housing finance company. The shares were sold in the price range of Rs 990-990.05 apiece, taking the combined deal value to Rs 17.28 billion. After the stake sale, Warburg Pincus holding through its arm has come down to 12.3 % from 22.9 % in Home First Finance, while True North's stake has declined to 8.67 % from 14.07 % stake and Aether Mauritius' shareholding in the company also reduced to 5.71 % from 9.31%. Details of the other buyers of Home First Finance shares could not be ascertained. Shares of Home First Finance on Monday rose 2.10 % to close at Rs 1,074.55 apiece on the BSE. In November last year, True North Fund V, Aether Mauritius, Orange Clove Investments sold 9.8 % stake in Home First Finance for Rs 7.53 billion.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

NABARD Holds Seminar on Vigilance, Integrity and Good Governance

National Bank for Agriculture and Rural Development (NABARD) organised a seminar on “Vigilance: Strengthening Integrity and Good Governance” on 25 August 2026 at its Head Office in Mumbai as part of the ongoing Vigilance Awareness Campaign 2026 being observed from 17 August to 16 November 2026, with the theme “Probity for Prosperity."" The seminar was graced by Suresh N Patel, Former Central Vigilance Commissioner, Government of India, as the chief guest and keynote speaker.  The programme was attended by G S Rawat, Deputy Managing Director, Dr Ajay K Sood, Deputy Managing Dire..

Next Story
Equipment

XCMG Unveils World's First 14,000-Ton Ring Crane for Heavy Lifting

XCMG has announced that the first main unit of the world's first 14,000-ton ring crane has rolled off the production line, marking a historic breakthrough in ultra-heavy lifting technology. Jointly developed by XCMG and Sinopec Heavy Lifting & Transportation Co., Ltd., the crane will be the largest-capacity ring crane ever built, setting a new benchmark for major construction projects worldwide.The crane features a modular configuration comprising two main units that work in tandem. The first main unit has completed final assembly and can independently perform lifting operations. Once both..

Next Story
Infrastructure Urban

Thriveni Logistics orders 200 tip trailers from Jagdamba trailers

Jagdamba Trailers (JTPL), one of India’s growing trailer manufacturers, has secured a significant order for 200 Tip Trailers from Thriveni Transport and Logistics Pvt. Ltd., a leading mining and logistics company serving operations across India and overseas.The order, placed for iron ore transportation, is a major milestone for JTPL, particularly as the company secured the business after competing with more than 10 established trailer manufacturers. It also strengthens an already successful relationship between the two companies. Approximately one and a half years ago, Thriveni Transport and..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code