True North likely to exit Fedbank Financial Services via block deal: Sources
Published on 30/10/2025 02:54 PM
True North likely to exit Fedbank Financial Services via block deal: SourcesTrue North was a pre-IPO investor in Fedbank Financial Services and had partially sold its holding during the company’s initial public offering in November 2023.By Yash Jain October 30, 2025, 2:54:54 PM IST (Published)1 Min ReadTrue North Fund VI is planning to sell its entire 8.6% stake in Fedbank Financial Services Ltd through a block deal, according to sources. Investment bankers have been appointed for the transaction, and the deal is likely to take place soon.
True North was a pre-IPO investor in Fedbank Financial Services and had partially sold its holding during the company’s initial public offering in November 2023.
The fund is now preparing to offload its remaining stake.
Details of the deal structure, pricing, and buyers are yet to be disclosed.
CNBC-TV18 has written to True North and Fedbank Financial Services for comments and is awaiting responses.
Fedbank Financial Services, backed by Federal Bank, operates as a non-banking financial company focusing on loans to MSMEs, emerging self-employed individuals, and retail customers.Continue Reading(Edited by : Anshul)Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!TagsFedbank Financial ServicesTrue North