Bessemer India Capital sells 7.75% stake in Home First Finance for Rs 467cr
Bessemer India Capital Holdings II on Thursday divested 7.75 per cent stake in Home First Finance Company India for over Rs 467 crore through an open market transaction.
Fidelity Funds - Asian Smaller Companies Pool and Nomura Trust and Banking Co. Ltd bought a total of 11.93 lakh equity shares of the company.
Bessemer India Capital Holdings II is an affiliate of US-based venture capital company Bessemer Venture Partners.
According to the bulk deal data available with the National Stock Exchange (NSE), Bessemer India Capital Holdings II sold a total of 68,11,313 shares, amounting to 7.75 per cent stake in the company.
The shares were disposed at an average price of Rs 686.07 apiece, taking the transaction value at Rs 467.30 crore.
As of December quarter, Bessemer had owned 7.75 per cent stake in the company, shareholding data with the bourse showed.
Shares of Home First Finance Company India plunged 7.97 per cent to close at Rs 678.90 per piece on the NSE.
In another transaction