Mumbai-based True North on Tuesday exited Zydus Wellness by divesting its entire 7.27 per cent stake in the company while PPFAS Mutual Fund acquired the shares for ₹879 crore through an open market transaction.
True North divested its entire 7.27% stake in Zydus Wellness for ₹879 crore, acquired by PPFAS Mutual Fund through an open market transaction. Separately, TVS Motor Company increased its stake in TVS Supply Chain Solutions to 5.26% for nearly ₹57 crore, purchasing shares from Authum Investment & Infrastructure.