Kotak Mahindra Mutual Fund has made a substantial acquisition in home first finance company , crossing the critical 5% shareholding threshold that mandates disclosure under SEBI's Substantial Acquisition of Shares and Takeovers (SAST) Regulations, 2011.

Transaction Details

The mutual fund acquired 200,003 equity shares of Home First Finance Company India Ltd. through open market purchases on March 18, 2026. This acquisition increased KMMF's total shareholding from 5,145,460 shares to 5,345,463 shares.

Regulatory Compliance

The acquisition was disclosed to the Bombay Stock Exchange on March 20, 2026, in compliance with Regulation 29(1) of the SAST Regulations. Jolly Bhatt, Compliance Officer at Kotak Mahindra Asset Management Company Limited, signed the disclosure document as the investment manager for Kotak Mahindra Mutual Fund.

Investment Structure

Kotak Mahindra Mutual Fund made this investment through its various schemes, with the acquisition representing a strategic move in the housing finance sector. The mutual fund confirmed that it does not belong to the promoter or promoter group of Home First Finance Company.

Company Information

Home First Finance Company India Ltd. is listed on both BSE Limited and the National Stock Exchange of India Limited. The company's total equity share capital stands at 10,39,23,212 equity shares of Rs. 2 each, which remained unchanged following this transaction.

Market Impact

The open market acquisition demonstrates institutional confidence in Home First Finance Company's business prospects. The crossing of the 5% threshold positions Kotak Mahindra Mutual Fund as a significant institutional investor in the housing finance company, potentially influencing future corporate governance and strategic decisions.

Home First Finance Company India Limited has announced the allotment of 81,996 equity shares under its Employee Stock Option Plans (ESOP) on March 17, 2026. The allotment was approved by the Committee of Directors and Review Committee pursuant to the exercise of vested Employee Stock Options under the company's ESOP schemes.

Share Capital Enhancement

The allotment has resulted in an increase in the company's paid-up share capital structure:

ESOP Scheme-wise Distribution

The 81,996 equity shares were allocated across four different ESOP schemes with varying exercise prices:

Regulatory Compliance and Share Details

The allotment was conducted in compliance with Regulation 10(c) of the Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. The company has filed the required disclosures with both BSE Limited and the National Stock Exchange of India Limited.

The newly allotted shares are identical in all respects to the existing equity shares of the company and will rank pari-passu with them. Home First Finance Company India Limited is currently completing the necessary formalities for listing these allotted shares on the stock exchanges.

Corporate Structure

The company maintains its registered office at 511, Acme Plaza, Andheri Kurla Road, Mumbai- 400059, and its shares are listed on both BSE Limited and the National Stock Exchange of India Limited. The distinctive numbers for the newly issued shares range from 10,42,46,022 to 10,43,28,017, with no lock-in period applicable to these shares.