New Delhi: Bessemer India Capital Holdings II on Thursday divested 7.75% stake in Home First Finance Company India for over ₹467 crore by an open market transaction. Fidelity Funds – Asian Smaller Companies Pool and Nomura Trust and Banking Co. Ltd – purchased a complete of 11.93 lakh equity shares of the corporate.Bessemer India Capital Holdings II is an affiliate of US-based enterprise capital firm Bessemer Venture Partners.

According to the majority deal information accessible with the National Stock Exchange (NSE), Bessemer India Capital Holdings II bought a complete of 68,11,313 shares, amounting to 7.75% stake within the firm.

The shares have been disposed at a median value of ₹686.07 apiece, taking the transaction worth at ₹467.30 crore.

As of December quarter, Bessemer had owned 7.75% stake within the firm, shareholding information with the bourse confirmed.

Shares of Home First Finance Company India plunged 7.97% to shut at ₹678.90 per share on the NSE.

In one other transaction, Gokaldas Exports‘ promoter group entity pared 9.9% stake within the firm for ₹235 crore by an open market transaction. Clear Wealth Consultancy Services LLP is the promoter group entity of Gokaldas Exports. Clear Wealth offloaded 60 lakh shares, amounting to 9.90% stake within the firm, as per the majority deal information accessible on the NSE.