Home First Finance India rises after opening of shares issue

Home First Finance India

09/04/2025 09:16

** Shares of Home First Finance Company India HOME.NS rise 2.8% to 1,015.45 rupees, set to snap three-session losing streak

** Housing finance firm opens qualified institutional placement of shares with floor price set at 1,019.25 rupees per share, premium of 3.2% to Tuesday's closing price

** Co has shareholders' approval to raise up to 12.5 billion rupees ($144.5 million) through QIP issue of shares

** Trading vols at 1.47 million shares, nearly 2x the 30-day average

** HOME down ~4% so far in 2025

($1 = 86.5330 Indian rupees)

(Reporting by Vijay Malkar)

((VijayDattaram.Malkar@thomsonreuters.com;))