The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for True North Fund VI LLP
FEDFINA · price
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True North Fund VI LLP, a non-promoter investor, sold its entire holding of 27,170,139 equity shares representing 7.26% of Fedbank Financial Services Ltd's share capital. The sale was executed in the open market on May 11 and May 12, 2026. Before the transaction, True North held 7.26% of total share capital and 7.06% of diluted capital. Post-sale, their holding has reduced to zero, marking a complete exit from the company. The company has a total equity share capital of Rs. 3,742,061,010 comprising 374,206,101 equity shares of Rs. 10 each.
A PE investor (True North) has fully exited its 7.26% stake via open market sales. This is a routine private equity divestment and, as the seller is a non-promoter, it does not directly signal promoter sentiment. However, large block sales in the open market could create short-term selling pressure on the stock.