The floor price has been set at Rs 968, which is a discount of 8% to the current market price, the report said citing sources.
Kotak and Nomura are acting as brokers for the transaction, the report added.
Shares of Home First Finance on NSE today traded at Rs. 1056.95, up from Thursday’s previous close of Rs. 37.20 or 3.40% down to Rs.
True North Fund’s holding in the company as of September 30, 2024 was 14.07% while Aether holds 9.31% as of date. Meanwhile, Orange Clove holds a 22.90% stake in the Mumbai-based company.
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Home First, a small cap stock has a market capitalization of Rs. 9,431.83 crores. The stock has returned 22% over a 1-year period which is in line with Nifty’s return over the same period. So far in 2024, the stock has yielded 13%.
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In the July-September quarter, the company posted Rs. 92.2 crore as against a standalone net profit of Rs. 74.3 crore was 24% higher than Rs. The total revenue for this quarter was Rs. 374.2 crore as compared to Rs. 278 which is an increase of 37%.
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