Aether (Mauritius) and True North Fund V LLP have sold 2.7 million and 2.8 million shares respectively in Home First Finance Company through bulk deals. The transactions mark significant stake divestments by institutional investors, reshaping the company’s shareholding pattern and signaling renewed market activity in India’s housing finance sector.
Home First Finance Company, a leading player in India’s affordable housing finance segment, witnessed major stake sales as Aether (Mauritius) divested 2.7 million shares and True North Fund V LLP sold 2.8 million shares via bulk deals.
These transactions highlight ongoing portfolio adjustments by institutional investors, potentially opening opportunities for new entrants in the company’s shareholder base. The divestments come at a time when India’s housing finance sector is experiencing strong demand, driven by government-backed affordable housing initiatives and rising urbanization.
Market analysts suggest that such bulk deals often reflect strategic rebalancing by funds, while also providing liquidity and trading momentum in the stock.
Key Highlights
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Stake Sale: Aether Mauritius sold 2.7 million shares.
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True North Exit: True North Fund V LLP sold 2.8 million shares.
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Transaction Mode: Bulk deals executed on exchanges.
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Market Impact: Potential reshaping of Home First Finance’s shareholding pattern.
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Sector Context: Affordable housing finance remains a high-growth area in India.
These developments underscore the dynamic nature of institutional investments in India’s financial services sector.
Sources: Economic Times, Business Standard, Mint