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The housing finance company issued 1.3 crore equity shares to qualified institutional buyers. The issue saw strong demand from a mix of prominent foreign and domestic institutional investors. Among the foreign institutional investors were International Finance Corporation, Capital World, Fidelity International, Goldman Sachs Asset Management, White Oak Capital, and Eastspring Investments. The issue attracted key institutional players such as HDFC AMC, Aditya Birla Sun Life AMC, ICICI Prudential AMC, Invesco AMC, and ValueQuest Investment. Life insurance companies, including Bajaj Allianz Life Insurance, Kotak Life Insurance, and ICICI Prudential Life Insurance, also participated. The company said the QIP received an 'overwhelming response' from both existing and new investors, including long-only foreign funds and domestic mutual funds. Manoj Viswanathan, MD & CEO, said, 'This capital infusion will augment HomeFirst's capital base and further strengthen its ability to expand our footprint, deepen customer engagement, and deliver sustained value to all stakeholders. The overwhelming shareholder interest not only underlines their confidence in the multi-decade opportunity in the affordable housing finance industry we operate in but also reaffirms their trust in our ability and commitment to deliver robust financial performance by maintaining our trajectory of sustainable, consistent, and quality growth as demonstrated over more than fifteen years. On behalf of the entire HomeFirst team, I warmly welcome all our shareholders and look forward to their continued support as we scale new heights.' Home First Finance Company India (HFFC) is a housing finance company that offers home loans with 48-hour sanctions and a hassle-free process. The company's standalone net profit jumped 23.5% to Rs 97.38 crore in Q3 FY25 as against Rs 78.82 crore posted in Q3 FY24. Revenue from operations rose 35.4% to Rs 407.45 crore as against Rs 301.01 crore posted in the corresponding quarter last year. Powered by Capital Market - Live News |