Home First Finance share slips 4% after 9.78% equity change hands via block deal

Shares of Home First Finance Company India Limited are currently trading with losses after the housing finance company had a large block deal take place on Thursday, November 23.

Private equity investors including Warburg Pincus, True North, and Aether had reportedly put their stakes on the block. The floor price for the block deal was set at 5% discount to ₹869 per share.

The stock tumbled over 4% to hit a day’s low of ₹888 on the NSE. At 10:03 am, the scrip was trading 2.73% lower at ₹889.50 apiece. In the past one week, the stock of this housing finance company declined 7% as against a 0.8% rise in the benchmark Sensex.

Home First Finance shares have gained nearly 30% in the last six months. On a year-to-date basis, the stock has risen 19% while it’s up 26% in the last one year.