Archive · 11 Aug 2025
Home First Finance Shares Rise Following Block Deals
A company called Orange Clove sold a portion of its shares in Home First Finance, a company that provides loans for buying homes.
This sale, involving over 10 million shares, happened through a big trade on the stock market.
Because of this deal, the price of Home First Finance's shares went up.
While the company's financial performance in the recent quarter wasn't as strong as expected, some experts believe the affordable housing market still has a good chance of growth, supporting Home First's business.
Orange Clove Investments sold a 10.3% stake in Home First Finance.
10,980,033 shares were sold in block deals.
The shares traded at Rs 1,190.50 each, a slight discount from the previous day's close.
Home First Finance shares climbed 5% following the block deals.
Analysts noted a soft Q1 for Home First, with early delinquencies rising.
- Who
- Orange Clove Investments BV sold the stake in Home First Finance.
- What
- Sale of 10.3% stake in Home First Finance by Orange Clove Investments.
- When
- August 12th, 2024
- Where
- Domestic Stock Exchanges
- Why
- To sell shares in the housing finance company.
Negative Factors
Positive Factors
Market Outlook
Negative Factors
Home First Finance reported a soft Q1 with rising early delinquencies and higher NPAs. Disbursement growth decelerated.
Positive Factors
Analysts expect robust affordable housing finance market supported by rising demand and government initiatives.
- Seller
- Orange Clove Investments BV
- Shares Sold
- 10,980,033
- Stake Percentage
- 10.3%
- Total Consideration
- Rs 1,307.17 crore
- Price Per Share
- Rs 1,190.50
- Bookrunner
- ICICI Securities
