Fedbank Financial shares slip 2% as True North exits via block deal

Shares of Fedbank Financial Services Ltd. are trading nearly 2% lower on Tuesday, May 12, after the company said True North Fund VI LLP has exited its investment in the company through block deals.In an exchange filing, Fedbank Financial said True North Fund VI LLP sold its entire stake of 2.57 crore equity shares, representing 6.86% of the company’s paid-up equity share capital, to Nomura India Equity Fund through the stock exchange mechanism.

Following the transaction, True North Fund VI LLP’s shareholding in the company has reduced to nil, the company said. Nomura Funds was the buyer of the entire stake sold by True North.
As of March 31, 2026, True North Fund VI LLP held a 7.26% stake in the company, amounting to 2.72 crore shares.The company reported a strong March quarter performance last month, with net profit rising 40.3% year-on-year to ₹100.5 crore, compared to ₹71.7 crore in the same period last year. Its net interest income (NII) grew 23% YoY to ₹348.8 crore from ₹283.3 crore.

The company’s assets under management (AUM) increased 27.5% YoY to ₹20,153 crore in Q4 FY26.

Shares of Fedbank Financial were trading 1.69% down at ₹149.76 following the announcement on Tuesday. The stock has surged over 75% in the last one year. Courtesy of that move, and a 9% upmove in the last one month, the stock managed to cross and trade above its issue price of ₹140 per share.