Orange Clove Investments BV, an affiliate of global private equity investor Warburg Pincus, has exited Home First Finance Company India through open market transactions on August 11. Despite which, the stock clocked 6.65 percent rally today, closing at Rs 1,282.2 amid strong volumes on the NSE.
Orange Clove Investments BV sold 1,09,80,033 equity shares (equivalent to 10.6 percent stake) in the housing finance company at Rs 1,190.5 per share, valued at Rs 1,307.2 crore, the block deals data published on the exchanges showed.
Founded in 1966, Warburg Pincus, the firm which focussed on growth investing, had invested Rs 700 crore in home-grown private equity firm True North-backed Home First Finance in October 2020.
On the flip side, Morgan Stanley, Citigroup, Bandhan Mutual Fund, VQ Fastercap Fund, Dendana Investments Mauritius, Fidelity, HDFC Life Insurance Company, HSBC MF, ITI MF, Kotak Mahindra MF, Motilal Oswal MF, Norges Bank, and Tata AIG General Insurance Company were among buyers for 1.09 crore shares in Home First Finance.
Repco Home Finance was also in focus on Monday, declining just 0.09 percent despite HDFC Mutual Fund selling 1.4 percent stake in the housing finance company. HDFC MF offloaded 4.81 lakh shares in Repco at Rs 384.55 per share, and 4 lakh shares at Rs 386.5 per share, amounting to Rs 33.97 crore.
The action was also seen in Network People Services Technologies (NPST), which showed healthy recovery of over 5 percent from early trade lows and closed with 1.86 percent loss at Rs 2081.6.
Tata Mutual Fund bought 4.3 lakh shares (equivalent to 2.2 percent stake) at Rs 2,073.99 per share. This seems to be the first mutual fund house picking stake in Network People, the financial technology solutions provider, as till June 2025 shareholding pattern, there was no investor from the mutual fund section.
However, promoters in total offloaded 5.3 lakh shares (equivalent to 2.75 percent stake) worth Rs 110.6 crore in NPST. Deepak Chand Thakur sold 1.63 lakh shares at Rs 2,074.25 per share, Savita Vashist offloaded 2.1 lakh shares at Rs 2,074.02 per share, and Ashish Aggarwal 1.6 lakh shares at Rs 2,074.03 per share.
FlySBS Aviation shares were locked in 5 percent upper circuit, extending upward journey for second consecutive session. The stock made debut on the NSE Emerge on August 8, soaring 99.5 percent to close at Rs 448.85 per share.
R G Family Trust, managed through trustees Harsh Vardhan Goenka and Anant Goenka, bought 1.06 lakh shares in FlySBS at Rs 471.25 per share.
Promoters Venkata Rama Gaddam, and Satyanarayana Raju Bhupathiraju sold 2,06,164 shares in Vineet Laboratories at Rs 33.5 per share. However, Ajay Agrawal, Vasudev Agrawal, Rajendra Agrawal, and Jyoti Agarwal purchased 2 lakh shares at same price. The stock price finished at Rs 33.76, up 2 percent.
Meanwhile, there was also some action in rights shares of Inox Wind. The stock rallied 12 percent to Rs 21.57. BofA Securities Europe SA bought 13.35 lakh rights shares at Rs 19 per share, however, Smallcap World Fund Inc sold 16.05 lakh shares at Rs 19.16 per share.
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