Kotak Mahindra MF, Citigroup, others buy 10.64% stake in Home First Fin for ₹1,307 crore

Kotak Mahindra MF, Fidelity, Morgan Stanley, and Citigroup Global Markets Mauritius are among those entities that collectively bought a 10.64% stake in Home First Finance Company India for ₹1,307 crore through open market transactions on Monday, August 11.

According to the block deal data available on the National Stock Exchange (NSE), Kotak Mahindra Mutual Fund (MF) bought 50 lakh shares or a 4.84% stake in Home First Finance Company.

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 ₹1,190.50 apiece, taking the transaction value to ₹1,307.17 crore.

Meanwhile, private equity major Warburg Pincus exited the firm by offloading its entire 10.64% stake in Home First Finance Company India.

Warburg Pincus divested its holding in Home First Finance through its affiliate Orange Clove Investments BV.

In December 2024, Warburg Pincus, along with two promoter entities of Home First Finance, divested a 19.6% stake in the affordable housing finance company for a combined amount of ₹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% stake in Home First Finance for ₹753 crore.

The stock of Home First Finance Company closed 6.44% higher at ₹1,279.70 per equity share on the NSE on Monday. During the trading session, the scrip surged 7.54% to an intra-day high of ₹1,292.90 apiece.

The firm has a total market capitalisation of ₹13,215.28 crore, as of August 11, 2025, as per data on the NSE.