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An update from Home First Finance Company India Ltd. ( (IN:HOMEFIRST) ) is now available.
Home First Finance Company India Limited has allotted 28,601 equity shares of face value Rs. 2 each following the exercise of vested employee stock options under its ESOP II, ESOP 2021 and ESOP 2024 schemes. As a result, the company’s paid-up share capital has marginally increased from Rs. 20.77 crore to Rs. 20.78 crore, with the total number of equity shares rising from 10,38,94,611 to 10,39,23,212. The newly issued shares will rank pari passu with existing equity shares, and the company is in the process of completing listing formalities, underscoring its continued use of equity-based incentives to align employees’ interests with shareholder value while causing only minimal dilution for existing investors.
More about Home First Finance Company India Ltd.
Home First Finance Company India Limited is a housing finance company in India focused on providing affordable home loans, primarily targeting low- and middle-income customers. Its equity shares are listed on both BSE Limited and the National Stock Exchange of India, indicating access to capital markets and a regulated corporate governance framework.
Average Trading Volume: 14,713
Technical Sentiment Signal: Hold
Current Market Cap: 122.9B INR
For a thorough assessment of HOMEFIRST stock, go to TipRanks’ Stock Analysis page.