Fedbank Financial Services Limited has informed the Exchange regarding 'Update on Shareholding'.
FEDFINA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
True North Fund VI LLP, a significant shareholder, has sold its entire stake of approximately 6.86% (2,56,95,139 equity shares) in Fedbank Financial Services Limited through a block deal on the stock exchange. The buyer is Nomura India Equity Fund, managed by Nomura Asset Management (a Foreign Portfolio Investor/FPI). Following this transaction, True North Fund VI LLP's shareholding has reduced to nil. The company has notified both NSE and BSE about this change in shareholding pattern.
This represents a complete exit by a PE fund (True North) and entry by a foreign institutional investor (Nomura). While the transaction is a significant block deal, it reflects portfolio reallocation rather than any operational concern. Shareholders should note the change in major shareholder composition.