Home First Finance Company shares rose on Thursday after the Insurance Regulatory and Development Authority of India (IRDAI) granted a corporate agent (composite) licence. The NBFC stock jumped by as much as Rs 36.1, or 4.0 per cent, to Rs 946.4 apiece in early deals on BSE. 

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The licence, valid from February 21, 2024, to February 20, 2027, will enable Home First Finance Company to solicit insurance products, such as life, general and health insurance, to its customers as a corporate agent, the housing finance company said in a regulatory filing post-market hours on Wednesday. 

(This story will be updated shortly)

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