CP Plus Shares Surge 11% in Two Days Amid Promoter Stake Sale, Home First Finance Plunges 5%

Aditya Infotech (CP Plus) and Home First Finance Co India: Promoter Stake Sale Impacts Stock Performance

Key Developments:

• On February 25, Abu Dhabi Investment Authority, Kedaara Capital, Ashoka WhiteOak, and Nomura among 12 investors acquired 3.8% equity stake in Aditya Infotech (CP Plus) through open market transactions.
• Promoters, including Hari Khemka Business Family Trust and Rishi Khemka, sold a total of 5.8% shares in the company to meet minimum public shareholding norms.

Aditya Infotech (CP Plus)

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• Promoters sold 17.66 lakh shares (1.5% of paid-up equity) at ₹1,471.3 per share, raising ₹260 crore to meet minimum public shareholding norms.
• The sale brought down the promoters' total shareholding in the company to 74.91%, while public float stands at 25.09%.
• CP Plus shares rose 11% in two days, closing 2.5% higher at ₹1,614.4 apiece on February 26.

Home First Finance Co India

• A block deal involving 56.2 lakh shares (5.4% equity) worth ₹663 crore resulted in a 5.5% decline in shares to ₹1,178 apiece on February 26.
• Buyers and sellers of the deal have not been disclosed, but True North Fund V and Aether (Mauritius) are likely sellers, according to a report by CNBC-TV18.
• True North Fund held around 7.45% stake in the company, while Aether held a 4.9% stake, according to the company's latest shareholding pattern.