FEDFINA · price
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True North Fund VI LLP, a significant shareholder of Fedbank Financial Services, has sold its entire stake of 2,56,95,139 equity shares (approximately 6.8644% of paid-up equity capital) through a block deal on the stock exchange. The buyer of this stake is Nomura India Equity Fund, managed by Nomura Asset Management as a Foreign Portfolio Investor (FPI). Following the transaction, True North Fund VI LLP's shareholding has reduced to nil. The company disclosed this update to both NSE and BSE on May 12, 2026.
This represents a complete exit by a PE fund (True North) and a corresponding entry by an FPI (Nomura) at a significant scale of nearly 7%. Shareholders should note this ownership shift, though it involves a non-promoter institutional investor.