Major Stake Reduction in Home First Finance by Promoters

Two promoters of Home First Finance, including Warburg Pincus affiliates, have divested a 19.6% stake in the affordable housing finance company for Rs 1,728 crore. Notable buyers include HDFC Mutual Fund and Goldman Sachs. The move reduces Warburg Pincus’s holding from 22.9% to 12.3%.

Two major promoters, including affiliates of Warburg Pincus, significantly reduced their stake in Home First Finance, an affordable housing finance company, selling 19.6% for Rs 1,728 crore.

The sale executed through open market transactions involved promoters Aether Mauritius Ltd and True North Fund V LLP, along with Orange Clove Investments BV, a Warburg Pincus arm.

Key buyers of the shares include financial giants like HDFC Mutual Fund and Goldman Sachs. Post-sale, Warburg Pincus's share has decreased from 22.9% to 12.3%, while True North’s and Aether’s holdings also saw reductions.