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Buyers and sellers in the transaction are not officially known yet.
CNBC-TV18 had reported on Wednesday citing sources that as much as 6.8% equity worth ₹841.5 crore of the company is likely to change hands at a floor price of ₹1,185 per share.
True North Fund V LLP and Aether (Mauritius) Ltd. are the likely sellers, sources said.
At the end of the December quarter, True North held 7.45% stake in the company while Aether (Mauritius) held 4.9% stake. Both are classified as promoters of the company as per its shareholding pattern.
In August last year, Warburg Pincus exited the stock by selling 10.64% stake for ₹1,307 crore. Multiple major funds were buyers in that transaction.
The company reported a 44% increase in its net profit in the December quarter at ₹140.2 crore from ₹97.7 crore in the previous year.
Its net interest income (NII) was up 44% as well in the third quarter at ₹234.8 crore from ₹163.1 crore in the year-ago period.
Shares of Home First Finance ended the previous session 3.4% up at ₹1,245.5 apiece. The stock has risen 13% this year, so far. However, it is down 18% from its 52-week high of 1,519 apiece but has gained 140% from its IPO price of ₹518 per share.
The stock was down 5% at ₹1,184.1 apiece just after market open. It has gained 27.4% in the past year. Despite a 18% correction from its recent 52-week high before today’s fall, the stock was up over 110% from its IPO price of ₹518 per share.
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