Bessemer India Capital Holdings II has sold 7.75 per cent stake in Home First Finance Company India for over Rs 467 crore through an open market transaction. Bessemer India Capital Holdings II is an affiliate of US-based venture capital company Bessemer Venture Partners.
According to the bulk deal data available with the National Stock Exchange (NSE), Bessemer India Capital Holdings II sold a total of 68,11,313 shares, amounting to 7.75 per cent stake in the company. The shares were disposed at an average price of Rs 686.07 apiece, taking the transaction value at Rs 467.30 crore.
Home First Finance Company India is a Housing Finance Company which offers home loan with 48 hours sanctions and hassle-free process.
