Fedbank Financial Services Limited
Nomura acquired 1,44,07,139 shares of Fedbank Financial Services for ₹216.11 crore at ₹150.00 apiece in a bulk deal. This was part of a larger transaction where True North Fund VI LLP fully exited its 6.86% stake in Fedbank Financial Services by selling 2,56,95,139 equity shares in a block deal.
A subsidiary of The Federal Bank Limited, Fedbank Financial Services provides gold loans, home loans, loans against property, and business loan services across India. The company specializes in secured lending products tailored to individual and business borrowers. Its distinctive strength lies in leveraging its parent bank's extensive banking infrastructure, branch network, and financial expertise to deliver efficient and accessible lending solutions to diverse customer segments.
Japan's largest investment bank. India FPI activity covers proprietary, market-making, client flows and mandates such as the EPF Malaysia India allocation.