Fedbank Financial Services Ltd on Tuesday informed exchanges that True North Fund VI LLP has fully exited the company after selling its entire stake through a block deal.
According to the company’s filing, True North Fund VI LLP disposed of 2,56,95,139 equity shares, representing around 6.8644% of the paid-up equity share capital of the company, to Nomura India Equity Fund through a stock exchange block deal mechanism.
Following the transaction, True North Fund VI LLP’s shareholding in Fedbank Financial Services stands at nil.
The filing, dated May 12, 2026, was submitted under an “update on shareholding” disclosure to both the NSE and BSE.
True North had been an early investor in Fedbank Financial Services, also known as Fedfina, and had earlier pared its stake during the company’s IPO in November 2023. Reports over the past few months had indicated that the private equity investor was looking to fully exit its remaining holding through a block transaction.
Fedbank Financial Services is a retail-focused non-banking financial company (NBFC) promoted by Federal Bank. The company primarily focuses on gold loans, loan against property, home loans and business loans, catering mainly to MSMEs and self-employed customers. As of December 2025, the company operated through a network of around 730 branches across 17 states and union territories.
Meanwhile, shares of Fedbank Financial Services were trading lower on Tuesday. The stock was trading at ₹149.92, down 1.59% for the day.
Disclaimer: This article is for informational purposes only and does not constitute investment advice.