True North Fund V LLP Reduces Stake in Home First Finance Company by 2.71%
True North Fund V LLP sold 28,08,585 shares (2.71% stake) in Home First Finance Company through open market transactions on February 26, 2026, reducing its shareholding from 7.45% to 4.74%. The transaction was disclosed under SEBI takeover regulations as it crossed mandatory reporting thresholds.
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True North Fund V LLP, a promoter entity of Home First Finance Company India Limited, has executed a significant stake reduction through open market transactions, as disclosed in a regulatory filing under SEBI takeover regulations.
Transaction Details
The promoter disposed of 28,08,585 equity shares on February 26, 2026, through open market sales. This transaction represents 2.71% of the company's total share capital and 2.62% of the diluted share capital.
| Transaction Parameter: | Details |
|---|---|
| Shares Sold: | 28,08,585 |
| Transaction Value (% of total capital): | 2.71% |
| Transaction Value (% of diluted capital): | 2.62% |
| Transaction Mode: | Open Market |
| Transaction Date: | February 26, 2026 |
Shareholding Changes
The stake sale resulted in a substantial reduction in True North Fund V LLP's ownership position in the housing finance company.
| Shareholding Position: | Before Transaction | After Transaction | Change |
|---|---|---|---|
| Number of Shares: | 77,37,825 | 49,29,240 | -28,08,585 |
| % of Total Capital: | 7.45% | 4.74% | -2.71% |
| % of Diluted Capital: | 7.20% | 4.58% | -2.62% |
Company Capital Structure
Home First Finance Company's equity share capital remains unchanged at Rs. 20,78,46,424, comprising 1,03,92,3212 equity shares with a face value of Rs. 2 each. The diluted share capital, accounting for outstanding convertible securities and warrants, stands at Rs. 21,50,74,876, comprising 1,07,53,7438 equity shares.
Regulatory Compliance
The disclosure was made under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, which mandates reporting when shareholding changes cross specified thresholds. The filing was signed by Rahul Vijay Mehta on behalf of True North Fund V LLP on February 28, 2026.
The transaction calculations are based on the shareholding pattern filed by the company for the quarter ended December 31, 2025, with subsequent ESOP allotments factored into the disclosure requirements.
Historical Stock Returns for Home First Finance Company
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.26% | -5.45% | -12.38% | -15.27% | +18.59% | +106.75% |
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