Promoters offload 5.3% stake in Home First Finance;

Promoters offload 5.3% stake in Home First Finance;

1) Home First Finance Company India shares may be reacted to the big stake sale by promoters, falling 5.67 percent to Rs 1,177 amid high volumes after gap-down opening, 2) Stocks where promotors sale their stake - such companies are generally looked with a negative bias 3) This is the reason why the stock fell more than 5% 4) Sector bias is still positive - Banking and finance are still positive 5) Promoters Aether Mauritius, and True North Fund on February 26 have offloaded 5.33 percent equity stake in Home First Finance Company, 6) Aether (Mauritius), a part of GIC Ventures, sold 27.38 lakh shares (equivalent to 2.63 percent of paid-up equity) in the Mumbai-based affordable housing finance company for Rs 325.8 crore, while private equity firm True North Fund V offloaded 28.08 lakh shares (2.7 percent stake) for Rs 334.22 crore. The price at which both promoters pared stake was Rs 1,190 per share. 7) All this is for information. This is not a buy/sell recommendation. Thank you, Technofunda24