Based on the block deal knowledge accessible on the NSE, Kotak Mahindra Mutual Fund (MF) purchased 50 lakh shares or 4.84 per cent stake in Residence First Finance Firm.
As well as, HSBC MF, Motilal Oswal MF, Kotak Mahindra Life Insurance coverage, HDFC Life Insurance coverage, Norway’s Authorities Pension Fund International, and the Grasp Belief of Financial institution of Japan picked up greater than 1.09 crore shares of Mumbai-headquartered Residence First Finance, as per the info.
The shares had been acquired at a mean worth of Rs 1,190.50 apiece, taking the transaction worth to Rs 1,307.17 crore.
In the meantime, non-public fairness main Warburg Pincus exited the agency by offloading its complete 10.64 per cent stake in Residence First Finance Firm India.
Warburg Pincus divested its holding in Residence First Finance by way of its affiliate Orange Clove Investments BV. Shares of Residence First Finance Firm India rose 6.44 per cent to shut at Rs 1,279.70 apiece on the NSE. In December 2024, Warburg Pincus together with two promoter entities of Residence First Finance divested a 19.6 per cent stake within the reasonably priced housing finance firm for a mixed quantity of Rs 1,728 crore. In November 2023, promoters of Residence First Finance — True North Fund V, Aether Mauritius, and Warburg Pincus — collectively pared a 9.8 per cent stake in Residence First Finance for Rs 753 crore.
