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.

Infrastructure Transport

05 Feb 2026

MMRDA Installs 325-Tonne Steel Spans on Mumbai Metro Line 4

The Mumbai Metropolitan Region Development Authority (MMRDA) has achieved a key construction milestone on Metro Line 4 with the successful installation of three large steel spans at Bhandup West during overnight operations.The spans, together weighing 325 metric tonnes, were launched using eight heavy-duty cranes and 12 multi-axle vehicles. The operation required precise engineering and meticulous planning to minimise disruption in the densely populated suburban area.Due to effective inter-agency coordination, the work—originally scheduled across four nights—was completed within just two n..

CMRL Targets March 2027 Opening for Vadapalani–Panagal Park

Chennai Metro Rail Limited (CMRL) is progressing as scheduled to open the Vadapalani–Panagal Park section of Phase II’s Corridor 4 by March 2027. The 3.5 km underground stretch is part of the 26.1 km Corridor 4 connecting Lighthouse with Poonamallee Bypass.Construction activities are advancing steadily, with tunnelling works between Vadapalani and Panagal Park already completed. Track-laying operations are expected to commence shortly. At Panagal Park station, structural works have reached the concourse and platform levels, while excavation continues at the lowest level.CMRL is also consid..

Maha-Metro Invites Pune Metro Civil Maintenance Bids

Maharashtra Metro Rail Corporation Limited (Maha-Metro) has invited bids for the annual civil maintenance contract of the Pune Metro Rail Project. The tender, bearing ID and number P1-O&M-20/2025, is scheduled to close on 23 February 2026, with a pre-bid meeting slated for 10 February 2026. The earnest money deposit (EMD) for the contract is Rs 3,50,500, and the duration of the contract is one year.The scope of work includes annual civil maintenance of 28 elevated and underground stations, 28.079 km of elevated viaduct including steel bridges, 12.15 km of tunnels, and two depots under the ..