Home First Finance stake sale: Norway Fund cuts holding to 5.41%

The government pension fund of Norway on Tuesday sold Home First Finance shares for ₹77 crore through an open market transaction.

The Norwegian Pension Fund Global is one of the world’s largest funds.

According to bulk deal data on the National Stock Exchange (NSE), Government Pension Fund Global offloaded 7.50 lakh shares, or 0.84 per cent of its stake in Mumbai-based HomeFirst Finance Company India.

The shares were disposed of at an average price of ₹1,023.28 apiece, taking the transaction value to ₹76.77 crore.

After the latest transaction, Government Pension Fund Global’s holding has fallen to 5.41 per cent from 6.25 per cent. Details of the buyers of Home First Finance’s shares could not be ascertained.

Home First Finance’s shares rose 2.12 per cent to close at ₹1,040 apiece on the NSE.

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