True North Fund V LLP, identified as a promoter entity, executed an open market sale of shares in Home First Finance Company India Limited (HFFCIL) on February 26, 2026. The transaction involved the sale of 2,808,585 shares, resulting in a decrease of the holding entity’s voting rights from 7.45% to 4.74% based on total capital. The post-transaction total diluted shareholding stands at 4.58%, reflecting a significant reduction in the promoter group’s overall interest.
Shareholding Change by Promoter Entity
True North Fund V LLP, classified as a promoter, has disclosed a reduction in its shareholding in Home First Finance Company India Limited (HFFCIL) through an open market transaction finalized on February 26, 2026. This disclosure is made under applicable regulations concerning substantial acquisitions and takeovers.
Holding Before and After Transaction
Prior to the disposal, the holding entity possessed 7,737,825 shares, constituting 7.45% of the total share capital and 7.20% of the total diluted share capital. The disposal involved the sale of 2,808,585 equity shares, representing 2.71% of the total share capital and 2.62% of the diluted capital.
Following this transaction, the resultant shareholding of True North Fund V LLP is 4,929,240 shares, equating to 4.74% of the total voting capital. On a fully diluted basis, their holding is now 4.58% of the target company’s capital.
Transaction Details and Capital Base
The acquisition/sale was executed via the Open Market route. The transaction occurred when the company’s equity share capital stood at 103,923,212 shares (total capital of Rs. 207,846,424). The total diluted capital base after the sale comprises 107,537,438 equity shares.
The calculation basis for percentages uses the company’s filing status as of December 31, 2025, accounting for prior ESOP allotments.
The disclosure was authorized by Rahul Vijay Mehta, representing True North Fund V LLP, dated February 28, 2026.
Source: BSE
