Home First Finance to Consider Fund Raising in Upcoming Board Meeting

Home First Finance Company India Ltd has announced that its Board of Directors will meet on January 24, 2025, to consider fund raising options. The board will discuss the possibility of issuing Non-Convertible Debentures (NCDs) on a private placement basis, to be executed in one or more tranches or series as per the company's business requirements.This move aligns with Home First's strategy to strengthen its capital base and support its growth plans. The company, which operates in the affordable housing finance sector, has been experiencing strong growth, with its annual revenue increasing by 45.37% in the last fiscal year.The board meeting will also review and approve the financial results for the quarter ending December 31, 2024.

Source: Home First Finance Company India Ltd. Regulatory Filing