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Bessemer India Capital Holdings II on Thursday divested 7.75 per cent stake in Home First Finance Company India for over Rs 467 crore through an open market transaction. Fidelity Funds - Asian Smaller Companies Pool and Nomura Trust and Banking Co. Ltd bought a total of 11.93 lakh equity shares of the company. Bessemer India Capital Holdings II is an affiliate of US-based venture capital company Bessemer Venture Partners. According to the bulk deal data available with the National Stock Exchange (NSE), Bessemer India Capital Holdings II sold a total of 68,11,313 shares, amounting to 7.75 per cent stake in the company. The shares were disposed at an average price of Rs 686.07 apiece, taking the transaction value at Rs 467.30 crore. As of December quarter, Bessemer had owned 7.75 per cent stake in the company, shareholding data with the bourse showed. Shares of Home First Finance Company India plunged 7.97 per cent to close at Rs 678.90 per piece on the NSE. In another transaction
Affordable housing-focused Home First Finance is bullish on the market and is on course to disburse 30 per cent more loans over the last fiscal to close this year
Home First Finance Company India on Tuesday said it is planning to raise up to Rs 99 crore by issuing bonds on a private placement basis. "A meeting of the committee of directors of the company is scheduled to be held on Monday, November 22, 2021," the non-banking financial company said in a regulatory filing. Under this, the company plans to issue secured, redeemable and taxable non-convertible debentures on a private placement basis, in one or more tranches up to Rs 99 crore, it added. Shares of Home First Finance Company India on Tuesday closed at Rs 736.55 apiece on the BSE, up 0.44 per cent from the previous close.
The total income grew 34 per cent to Rs 146 crore in Q2FY22 from Rs 109 crore a year ago.
Heranba Industries slipped 7% to Rs 708 in the intra-day trade today, falling 25% from its listing day high of Rs 945 on March 5, 2021
Stock touched a high of Rs 640 and a low of Rs 522 on the NSE, where Rs 1,445 cr worth of shares changed hands; issue price was Rs 518
The Nifty Pharma index edged up 3 per cent, followed by gains in the Nifty PSB index (up 2.3 per cent), and the Nifty Pruvate Bank index (up 2 per cent)
The Rs 1,154 crore initial public offer (IPO) by the firm that ran between January 21-January 25 was subscribed 27 times
Renuka Ramnath-led Multiples Private Equity sold nearly 12 lakh shares of multiplex chain operator PVR worth Rs 179 crore through open market transactions
The offer of the mortgage financier, which got fully subscribed on the first day itself on January 21, received bids for 41,42,65,488 shares against 1,56,20,948 shares on offer