Bessemer India Capital exits Home First Finance, sells 7.75% stake for Rs 467 cr

New Delhi: Bessemer India Capital Holdings II on Thursday divested 7.75% stake in Home First Finance Company India for over ₹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% stake in the company.


The shares were disposed at an average price of ₹686.07 apiece, taking the transaction value at ₹467.30 crore.

As of December quarter, Bessemer had owned 7.75% stake in the company, shareholding data with the bourse showed.

Shares of Home First Finance Company India plunged 7.97% to close at ₹678.90 per share on the NSE.

In another transaction, Gokaldas Exports' promoter group entity pared 9.9% stake in the company for ₹235 crore through an open market transaction. Clear Wealth Consultancy Services LLP is the promoter group entity of Gokaldas Exports. Clear Wealth offloaded 60 lakh shares, amounting to 9.90% stake in the company, as per the bulk deal data available on the NSE.