The company’s management refuted rumours that some shareholders were considering leaving Home First Finance, and the stock kept moving higher on Thursday. Manoj Viswanathan, CEO and MD of the housing finance company, said to CNBC-TV18: “I don’t believe any of the investors are looking to entirely depart the company. We are not aware of or involved in any such conversations.
He added that he does not know if Warburg wants to sell a portion of its ownership in the business. Warburg is reportedly attempting to sell 28.73 per cent of the company, according to a previous story in the Hindu Business Line.

He said that over the past few years, we had raised money from four sizable private equity investors. Bessemer Venture Partners, which owns about 8 per cent of the company, True North and GIC, who together own 33 per cent of the company, and Warburg Pincus, who owns about 29 per cent, are the other shareholders.
The company’s promoters are True North and Aether out of these four, and 20 per cent of the promoter stake is secured until February 2024, he said.
Therefore, 20 per cent of the 33 per cent is fixed. At this time, just the remaining 13 per cent is accessible. According to him, the corporation would not be aware of any partial stake sales because they would take place in the open market.
On Thursday, the stock on NSE increased by as much as Rs 42.1 or 4.9 per cent to Rs 907 a share.