True North Fund V LLP files SEBI Takeover Regulation Disclosure for Home First Finance

M&A / JV 16 Jun 2026 · Announced· ✓ Verified

True North Fund V LLP, a private equity fund, has submitted a formal disclosure to NSE under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This disclosure is triggered when a person or entity crosses prescribed thresholds of equity shareholding or voting rights in a listed company. Home First Finance Company India Limited is a non-bank housing finance company listed on NSE and BSE. The filing does not yet confirm a full mandatory open offer, but indicates the requisite triggering event under takeover law.

Why it mattersA Regulation 31(4) disclosure indicates the acquirer has crossed a disclosure threshold (likely 5% or greater shareholding); partners should monitor for mandatory offer obligations under Regulation 3 or exemptions claimed, and review the disclosure for any regulatory conditions or funding sources.
Counsel—
SectorFinancial Services
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