Warburg Pincus acquired an additional 5.03% in Home First Finance Company India Ltd, an affordable housing finance company.
The stake was acquired by Orange Clove Investments BV, a subsidiary of private equity funds managed by Warburg Pincus.
Orange Clove now owns 30.62 percent of the paid-up share capital of the company.
“This transaction will help Home First diversify its shareholder base and build stakeholder confidence in the growth of the business. Warburg Pincus sees this as a great opportunity to expand its investments in the financial services industry in India and believes the existing association will help Home First further strengthen its financial position and growth prospects, ”a press release said. .
Home First has sanctioned home loans to more than 50,000 customers in 60 districts, 11 states and one Union territory.
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- According to the source Warburg increases stake in Home First Finance to 30.62%
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