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

04 Dec 2024 CW Team

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.

Real Estate

26 Jun 2026

AGM Vijaylaxmi launches Sixty3 W.E. Bizpark

AGM Vijaylaxmi Group has launched Sixty3 W.E. Bizpark, a mixed-use commercial development in Goregaon East, Mumbai. The project includes contemporary office spaces and a high-street retail component designed to support businesses, retailers and professionals.Located along the Western Express Highway, Sixty3 W.E. Bizpark is planned as a G+25-storey commercial tower. It offers office spaces ranging from 545 sq ft to 3,200 sq ft, with a 3.60 metre floor-to-floor height aimed at improving spatial comfort, natural light and operational efficiency.The project features a high-street retail boulevard ..

Manglam Group to Develop Sheraton Hotel in Jaipur

Manglam Group has signed an agreement with Marriott International to develop a Sheraton hotel on the Jaipur–Ajmer Highway in Jaipur. The project will feature 220 keys and is being developed with an investment of around Rs 3.5 billion across more than 300,000 sq ft.The hotel marks Manglam Group’s third collaboration with Marriott International and forms part of its Rs 10 billion hospitality investment roadmap. The agreement was signed by Amrita Gupta, Director, Manglam Group and CEO, Manglam Spa and Resorts, and Rajeev Menon, President, Asia Pacific excluding Greater China, Marriott Interna..

India Warehousing Show 2026 opens at YashoBhoomi

India's warehousing, logistics, and supply chain ecosystem came together as the 15th edition of India Warehousing Show (IWS) 2026 opened at YashoBhoomi, India International Convention & Expo Centre (IICC), Dwarka, New Delhi on June 25 (Thursday). Organised by RX India, the three-day event will run from 25-27 June 2026, bringing together policymakers, industry leaders, technology providers, and supply chain professionals under one roof. It also features a two-day knowledge conference that will run alongside the exhibition. Inaugurated by Pankaj Kumar, Joint Secretary - Logistics, DPIIT..