Two promoters of Home First Finance and affiliate of Warburg Pincus, on Monday divested 19.6 per cent stake in the affordable housing finance company for a combined amount of Rs 1,728 crore 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 per cent stake, in Home First Finance, while True North Fund offloaded 48.09 lakh shares, amounting to a 5.4 per cent stake in the company.
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