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

13 Oct 2025

Tata, Airbus to Build India’s First Private Helicopter Line

In a landmark development for India’s aerospace sector, Tata Advanced Systems Limited (TASL) and Airbus will establish the country’s first private-sector helicopter assembly line in Vemagal, Karnataka. The facility will manufacture the Airbus H125 and H125M, marking a significant milestone in India’s push for self-reliance in aviation and defence manufacturing. The new Final Assembly Line (FAL) will produce the H125, the world’s best-selling single-engine helicopter, known for its versatility and performance in extreme environments. The first ‘Made in India’ H125 is expected to ro..

NeGD to Support Bharat Taxi in Building Cooperative Ride Platform

In a significant move for India’s digital and mobility transformation, the National e-Governance Division (NeGD) of the Digital India Corporation, under the Ministry of Electronics and Information Technology (MeitY), has entered into an advisory partnership with Sahakar Taxi Cooperative Limited, the company behind Bharat Taxi — a first-of-its-kind, cooperative-led national ride-hailing platform. A Memorandum of Understanding (MoU) has been signed between NeGD and Sahakar Taxi to provide strategic advisory and technical support covering key areas such as platform integration, cybersecurity..

MeitY Hosts Pre-Summit for India–AI Impact Summit 2026

The Ministry of Electronics and Information Technology (MeitY), Government of India, hosted a series of Pre-Summit events for the upcoming India–AI Impact Summit 2026 at the India Mobile Congress (IMC) 2025 in New Delhi. These sessions mark a key milestone ahead of the main summit, scheduled for 19–20 February 2026 at Bharat Mandapam, New Delhi. Delivering the inaugural address, S. Krishnan, Secretary, MeitY, highlighted India’s innovative and frugal approach to AI development. “We have adopted innovative means by learning from others’ experiences to build projects and products that..