True North fully exits Fedbank Financial; Nomura India Equity Fund buys 6.86% stake
Jagruti Jain
Fedbank Financial Services Ltd on Tuesday informed stock exchanges that private equity investor True North Fund VI LLP has exited the company after selling its entire stake through a block deal transaction.
In an exchange filing, the company said True North Fund VI LLP sold 2,56,95,139 equity shares, representing nearly 6.8644% of the paid-up equity share capital of the company, to Nomura India Equity Fund through the stock exchange block deal mechanism.
Following the transaction, True North Fund VI LLP’s shareholding in Fedbank Financial Services has reduced to nil.
The development marks the complete exit of True North from Fedbank Financial Services, also known as Fedfina, after being one of the early institutional investors in the company before its public listing. Reports in late 2025 had indicated that the investor was planning to offload its remaining holding through a block deal route.
The transaction also comes days after Fedbank Financial Services disclosed a one-on-one investor interaction with Nomura Asset Management, where the company had clarified that no unpublished price-sensitive information was shared during the meeting.
Fedbank Financial Services is a retail-focused non-banking financial company promoted by Federal Bank. The company primarily operates in the gold loan, mortgage loan and MSME financing segments, with a growing focus on secured retail lending. The NBFC has been expanding its branch network aggressively, especially in the gold loan business, while also scaling its loan against property portfolio.
Recently, the company reported a strong Q4 FY26 performance with profit after tax rising 40% year-on-year to ₹100.5 crore, while assets under management crossed the ₹20,000 crore milestone. The company has also been focusing on improving operational efficiency and strengthening its secured lending mix.
Meanwhile, shares of Fedbank Financial Services were trading lower on Tuesday amid broader market weakness. The stock was trading at ₹149.92, down around 1.6% during the session after touching an intraday low of ₹149.50.