The Reserve Bank of India (RBI) has instructed Warburg Pincus to reduce its stake in Home First Finance from 23 percent to 20 percent or lower before acquiring Shriram Housing Finance.
Warburg Pincus is currently seeking buyers to divest the required 3 percent of its stake in Home First Finance. The sale has reportedly secured final regulatory approval last week, and discussions are ongoing among stakeholders to finalize the structure and ownership transfer related to this transaction, as Shriram Finance awaits the completion of the deal.