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True North exits Fedbank Fin in a Rs 385.4-cr block deal
ET BureauLast Updated: May 13, 2026, 05:47:00 AM IST
Synopsis
The fund sold about 2.57 crore shares, or 6.86% of its total equity. Nomura India Equity Fund was the buyer of these shares. Fedbank shares ended 1.9% lower at ₹149.51 on Tuesday.
AgenciesNomura India Equity Fund was the buyer of these shares. Fedbank shares ended 1.9% lower at ₹149.51 on Tuesday.
MUMBAI: True North Fund VI LLP offloaded its entire stake in Fedbank Financial Services in a ₹385.4-crore block deal on Tuesday, according to an exchange filing.
The fund sold about 2.57 crore shares, or 6.86% of its total equity. Nomura India Equity Fund was the buyer of these shares. Fedbank shares ended 1.9% lower at ₹149.51 on Tuesday.
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