The floor price has been kept at Rs 968 apiece which is a discount of 8% over the current market price, the report said citing sources.
Kotak and Nomura are acting as the brokers for this transaction, the report said further.
Shares of Home First Finance today ended at Rs 1056.95 on the NSE, down by Rs 37.20 or 3.40% over the previous closing of Thursday.
True North Fund’s holding in the company as on September 30, 2024 stood at 14.07 while Aether held 9.31% stake as on this date. Meanwhile, Orange Clove held 22.90% in the Mumbai-based company.
The market capitalisation of Home First, a smallcap stock is Rs 9,431.83 crore. The stock has delivered 22% returns over a 1-year period which are in line with those by Nifty in the same period. In 2024 so far, the stock has yielded 13%.Also Read: Cipla promoters to sell 1.72% stake in likely block deal worth Rs 2,000 crore: ReportThe company reported a standalone net profit of Rs 92.2 crore in July-September quarter which was up 24% from Rs 74.3 crore reported in the year ago period. Total revenue in the said quarter stood at Rs 374.2 crore versus Rs 278 in the corresponding quarter of the previous financial year which was up 37%.
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