On Thursday, Warburg Pincus, a private equity firm, said it had increased its stake in IPO-linked mortgage lender Home First Finance Company from 5% to 30.62%.
However, he did not disclose the financial details of the transaction which had recently received RBI approval.
The private equity major has acquired the stake of the financier’s existing shareholders, according to an official statement.
“This transaction will help Home First diversify its shareholder base and build stakeholder confidence in the growth of the company,” the statement said.
It can be noted that recent media reports have suggested that the company, which also relies on the peers of Warburg True North and GIC among its shareholders, is seeking an initial public offering (IPO) of more than Rs 1000 crore in the near future.
According to the statement, Warburg Pincus sees this as an excellent opportunity to expand its investments in the…
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- According to the source Warburg increases stake in IPO-linked mortgage lender Home First Finance to 30.62%
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