Private equity major Warburg Pincus on Thursday said it has increased its stake in IPO-bound mortgage lender Home First Finance Company by 5 per cent to 30.62 per cent

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Warburg Pincus | IPO

Private equity major on Thursday said it has increased its stake in IPO-bound mortgage lender Home First Finance Company by 5 per cent to 30.62 per cent.

It, however, did not reveal the financial details for the transaction which had recently received RBI approval.

The private equity major has acquired the stake from existing shareholders of the financier, as per an official statement.

“This transaction will help Home First diversify its shareholder’s base and boost stakeholder’s confidence in the growth of the company,” as per the statement.

It can

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