Private Equity

Liquidity Events

True North sells Zydus Wellness stake worth Rs.127-Cr

Business Standard  

Private equity firm True North, via Threpsi Care LLP, has divested a 1.23 % stake in Zydus Wellness (7.80 lakh shares) for INR 127.30 crore through an open market transaction. Zydus Family Trust and SBI Mutual Fund were the buyers of the shares. The shares were offloaded at an average price of INR 1,632 apiece. After the latest transaction, Threpsi Care LLP's shareholding in the company has declined to 10.12 % from 11.35 % (at the end of September quarter).