Zydus Wellness Block Deal: True North Exits For Rs 880 Crore
True North offloaded the shares via its arm Threpsi Care LLP.
Zydus Wellness Ltd.'s public shareholder, True North, a private equity firm, exited the company by selling shares worth nearly Rs 880 crore through a block deal on the NSE on Tuesday.
The stake was purchased by PPFAS Mutual Fund, which mopped up 46.3 lakh shares at Rs 1,900 apiece. True North offloaded the shares via its arm Threpsi Care LLP.
Threpsi Care was a public shareholder that held 7.27% shareholding in the company, according to the BSE shareholding pattern data updated up until March 2025.
True North had offloaded 2.67% of its initial 10.12% stake in the consumer goods company in August last year for Rs 374 crore. The shares were purchased by Quant Mutual Fund.
Shares of Zydus Wellness closed 1.81% higher at Rs 1,948.1 apiece on the NSE, compared to a 0.37% fall in the benchmark Nifty. The stock has risen 5.53% in the last 12 months and fallen 1.17% on a year-to-date basis.
Out of six analysts tracking the company, five have a 'buy' rating on the stock, and one recommends 'hold', according to Bloomberg data. The average of 12-month analysts' price target implies a potential upside of 16.2%.
