Shares of Home First Finance tumbled 6% on 23 November after around 9.78% of shares of the company changed hands on the exchanges via a block deal.

Around 86.2 lakh shares of the company, amounting to 9.78% of the total equity of the company, changed hands for an average price of Rs 872 per share.

The block deal’s total transaction value was around Rs 754.4 crore. Moreover, the buyers and sellers involved in the said block deal are yet to be identified.

Private equity investors, including True North, Aether, and Warburg Pincus, were looking to put their stakes on the block. The floor price of the block deal was set at Rs 869 per share, which is a 5% discount from its previous close.

After the news of the block deal, the company’s shares tumbled and hit an intraday low of Rs 866.50 on NSE. In the last six months, the shares of the company have given a return of around 30%.

At 3:30 pm, the shares of Home First Finance closed 4.32% lower at Rs 875 on NSE.