The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for True North Fund V LLP
HOMEFIRST · price
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On the reaction day the stock moved 3.5 pts more than Nifty Smallcap 250 and 4.0 pts more than its Housing Finance Company peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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True North Fund V LLP, part of the promoter group of Home First Finance Company India Ltd, sold 2,808,585 shares (2.71% of total share capital, 2.62% on a diluted basis) through open market transactions on February 26, 2026. After the sale, its holding in the company dropped from 7.45% (77,37,825 shares) to 4.74% (49,29,240 shares). The total equity share capital of the company remains Rs. 20.78 crore comprising 10.39 crore equity shares of Rs. 2 each. The sale was disclosed under SEBI's SAST Regulation 29(2) on February 28, 2026.
This is a notable reduction in promoter holding of over 2.7%, which may be viewed negatively by retail investors as it signals a promoter exiting part of its position. However, the post-sale stake of 4.74% still keeps True North Fund V LLP as a meaningful shareholder, and the gradual open-market sale avoids sudden price disruption.