Warburg Pincus has acquired an additional 5.03 per cent in Home First Finance Company India Ltd, an affordable housing finance company.
The stake has been acquired by Orange Clove Investments B.V., an affiliate of the private equity funds managed by Warburg Pincus.
Orange Clove now owns 30.62 per cent of the paid-up equity share capital of the company.
"This Transaction will help Home First diversify its shareholder's base and boost stakeholder's confidence in the company's growth. Warburg Pincus considers this as a great opportunity to expand its investments in the financial services sector in India and believes that the existing association will help Home First to further strengthen its financial position and growth prospects," said a press statement.
Home First has sanctioned home loans to more than 50,000 customers in 60 districts, across 11 states and one union territory.