Latest news with #HomeFirstFinance
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Business Standard
a day ago
- Business
- Business Standard
Warburg Pincus fully exits Home First Finance in ₹1,307 cr block deal
Warburg Pincus sells entire 10.3% stake in Home First Finance for Rs 1,307 crore via block deal to Kotak MF, Fidelity, and Tata AIG, sending shares up 6.4% BS Reporter Mumbai Private equity firm Warburg Pincus has fully exited its portfolio company Home First Finance, launching a block deal to sell its stake worth $143 million at the lower end of the price range, multiple industry sources told Moneycontrol on condition of anonymity. Orange Clove Investments, a Warburg Pincus entity, on Monday sold its entire 10.3 per cent stake in Home First Finance for Rs 1,307 crore. It sold close to 11 million shares at Rs 1,190.5 apiece. Among the buyers were Kotak Mahindra Mutual Fund (purchasing shares worth Rs 595 crore), Fidelity Funds (Rs 319 crore), and Tata AIG General Insurance (Rs 83 crore). Shares of Home First Finance closed at Rs 1,280, up 6.4 per cent after the clean-out trade.
Time of India
a day ago
- Business
- Time of India
Kotak Mahindra MF, Citigroup, others buy 10.64% stake in Home First Finance for Rs 1,307 crore
Kotak Mahindra MF, Fidelity, Morgan Stanley, and Citigroup Global Markets Mauritius are among those entities that collectively bought a 10.64 per cent stake in Home First Finance Company India for Rs 1,307 crore through open market transactions on Monday. According to the block deal data available on the NSE, Kotak Mahindra Mutual Fund (MF) bought 50 lakh shares or 4.84 per cent stake in Home First Finance Company. Finance Value and Valuation Masterclass Batch-1 By CA Himanshu Jain View Program Finance Value and Valuation Masterclass - Batch 2 By CA Himanshu Jain View Program Finance Value and Valuation Masterclass - Batch 3 By CA Himanshu Jain View Program Artificial Intelligence AI For Business Professionals By Vaibhav Sisinity View Program Finance Value and Valuation Masterclass - Batch 4 By CA Himanshu Jain View Program Artificial Intelligence AI For Business Professionals Batch 2 By Ansh Mehra View Program by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Write Better, Work Smarter With This Desktop App Grammarly Install Now Undo In addition, HSBC MF, Motilal Oswal MF, Kotak Mahindra Life Insurance, HDFC Life Insurance , Norway's Government Pension Fund Global, and the Master Trust of Bank of Japan picked up more than 1.09 crore shares of Mumbai-headquartered Home First Finance, as per the data. The shares were acquired at an average price of Rs 1,190.50 apiece, taking the transaction value to Rs 1,307.17 crore. Meanwhile, private equity major Warburg Pincus exited the firm by offloading its entire 10.64 per cent stake in Home First Finance Company India. Live Events Warburg Pincus divested its holding in Home First Finance through its affiliate Orange Clove Investments BV. Shares of Home First Finance Company India rose 6.44 per cent to close at Rs 1,279.70 apiece on the NSE. In December 2024, Warburg Pincus along with two promoter entities of Home First Finance divested a 19.6 per cent stake in the affordable housing finance company for a combined amount of Rs 1,728 crore. In November 2023, promoters of Home First Finance -- True North Fund V, Aether Mauritius, and Warburg Pincus -- collectively pared a 9.8 per cent stake in Home First Finance for Rs 753 crore.
Time of India
16-06-2025
- Business
- Time of India
Top stocks to buy: Stock recommendations for the week starting June 16, 2025
Top stocks to buy (AI image) Stock market recommendations: According to Motilal Oswal Financial Services Ltd, the top stock picks for the week (starting June 16, 2025) are Home First Finance and Kaynes. Let's take a look: Stock Name CMP (Rs) Target (Rs) Upside (%) Home First Finance 1268 1500 18% KAYNES 5478 7300 33% Home First Finance HomeFirst, with 155 branches across 13 states, is sharpening its focus on emerging states with strong infra growth. Technology remains its key differentiator, with 50%+ of sourcing now fully digital and ~75% Account Aggregator penetration as of FY25. Having recently received a credit rating upgrade from both ICRA and India Ratings, coupled with the 50bps repo rate cut by the RBI, HomeFirst is expected to lower its cost of borrowing while supporting NIM expansion. Its strong fundamentals, healthy return ratios, and superior execution reinforce its position as a top Affordable Housing Fin. franchise. We estimate a 30% PAT CAGR over FY25-27E, driven by a proven model and a seasoned, transparent leadership. Kaynes Kaynes Technologies is expanding across EMS, HDI PCB manufacturing, and OSAT, targeting high-tech, high-margin segments. It aims to achieve USD 1 billion revenue by FY28, supported by strong orders in automotive, aerospace, industrial, and medical sectors, along with strategic North American acquisitions. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Giao dịch CFD với công nghệ và tốc độ tốt hơn IC Markets Đăng ký Undo HDI PCB and OSAT units are expected to commercialize by 4QFY26, targeting INR25b revenue in FY27 and INR50b by FY28, with robust margins (~30%/20%). FY25 revenue rose 51% YoY to INR27b, slightly below guidance due to railway order delays. We estimate revenue/EBITDA/PAT CAGR of 57%/61%/70% over FY25–27, driven by scale and margin gains. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Time of India
12-06-2025
- Business
- Time of India
I-Sec downgrades Home First to Add; target price Rs 1,375
ICICI Securities has revised its rating for Home First Finance. The stock is now rated as 'Add' instead of 'Buy'. The target price remains at Rs 1,375. Home First aims for substantial AUM growth by FY30. They plan to reach Rs 200 billion by FY27 and Rs 350 billion by FY30. Tired of too many ads? Remove Ads (Disclaimer: Views and recommendations given in this section are the analysts' own and do not represent those of Please consult your financial adviser before taking any position in the stock/s mentioned.)
Mint
08-05-2025
- Business
- Mint
Pioneer of global small-cap investing raises stake in THIS housing finance stock. Do you own?
Smallcap World Fund Inc. has increased its stake in Home First Finance Company India by nearly 3%, taking its total shareholding in the company to above 7%. On Thursday, Home First Finance Company share price gained nearly 2%. The small-cap stock rose as much as 2.05% to ₹ 1,175.80 apiece on the BSE. Smallcap World Fund Inc. held 5,013,7001 equity shares of Home First Finance Company India as of 2 December 2024, aggregating to 5.6102% stake in the company. On 30 April 2025, the fund acquired additional 3,023,818 Home First Finance shares, equivalent to 2.94% stake in the company, through the open market. With the latest acquisition, Smallcap World Fund's shareholding in Home First Finance Company India has increased to 7.8078%, with 8,037,518 shares. As per the latest shareholding pattern of Home First Finance Company India Ltd as of quarter ending March 2025, promoters held 1,28,35,183 shares in the company, aggregating to 12.47% stake, while public shareholders accounted for the remaining 87.53% of the holding. Among the public shareholders, Foreign Portfolio Investors (FPI) held a 36.53% stake in Home First Finance Company India Ltd as on March 2025. Home First Finance shares have delivered strong returns, gaining 18% over the past month and rising 12% year-to-date (YTD). The small-cap stock has increased 31% in the past year and has delivered a strong 50% return over the last three years. At 11:45 AM, Home First Finance share price was trading 1.25% higher at ₹ 1,166.60 apiece on the BSE, commanding a market capitalisation of more than ₹ 12,035 crore. Read all Stock Market news here Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
