True North exits Fedbank Fin selling 385 cr worth shares in block deal

Published on 13 May 2026

A 6.86% stake changed hands overnight—who bought it

True North exited Fedbank Fin through a large block deal worth Rs 385.4 crore. The fund sold about 2.57 crore shares, representing 6.86% of its total equity. Nomura India Equity Fund bought the stake. After the transaction, Fedbank shares closed 1.9% lower at Rs 149.51 on Tuesday.

True North sold 2.57 crore Fedbank Fin shares
The sale covered 6.86% of the fund’s total equity
Nomura India Equity Fund was the buyer
Fedbank shares closed down 1.9% at Rs 149.51

#block deal #stock market #fedbank fin #nomura #true north

Read the full story at The Economic Times

This summarization was done by Beige for a story published on The Economic Times

True North exits Fedbank Fin selling 385 cr worth shares in block deal

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