True North Fund V LLP has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
HOMEFIRST · price
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Awaiting price reaction for this filing.
True North Fund V LLP, a promoter of Home First Finance, has filed a declaration with the stock exchange confirming that it and persons acting in concert have not created any encumbrance (pledge/lien) on the shares they hold in the company. The filing is made under SEBI's Takeover Regulations, 2011. A footnote explains that the company is seeking additional refinance from the National Housing Bank (NHB), and NHB's prior approval is required if promoter shareholding falls below 12%. The declaration is dated April 4, 2025.
This is a routine compliance filing confirming that the promoter has not pledged its shares, which is a neutral-to-positive signal for retail investors as it means no immediate risk of forced selling from a pledge. The NHB 12% threshold note suggests promoters need to maintain a minimum stake, limiting the chance of a sharp promoter sell-off while the NHB refinance is in process.