Sunday, September 13
Kotak Mahindra MF, Fidelity, Morgan Stanley, and Citigroup Global Markets Mauritius are among those entities that collectively bought a 10.64 per cent stake in Home First Finance Company India for Rs 1,307 crore through open market transactions on Monday. According to the block deal data available on the NSE, Kotak Mahindra Mutual Fund (MF) bought 50 lakh shares or 4.84 per cent stake in Home First Finance Company. In addition, HSBC MF, Motilal Oswal MF, Kotak Mahindra Life Insurance, HDFC Life Insurance, Norway's Government Pension Fund Global, and the Master Trust of Bank of Japan picked up more than 1.09 crore shares of Mumbai-headquartered Home First Finance, as per the data. The shares were acquired at an average price of Rs 1,190.50 apiece, taking the transaction value to Rs 1,307.17
