Mumbai/IBNS, Feb. 26 -- Shares of Home First Finance Company fell nearly 6 percent on Thursday after 56.2 lakh shares, representing about 5.4 percent of the company's equity, were traded in a block deal, media reports said.
However, True North Fund V LLP and Aether (Mauritius) Ltd. are likely to be among the sellers, CNBC-TV18 reported, citing sources.
As of the end of the December quarter, True North held a 7.45 percent stake in the company, while Aether (Mauritius) Ltd. owned about 4.9 percent.
Private equity firm Warburg Pincus had exited the company in August last year by selling its entire 10.64 percent stake in a deal valued at Rs. 1,307 crore.
The company's profit rose to Rs. 140.2 crore from Rs. 97.7 crore in the corresponding...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.