True North Exits Zydus Wellness, Raking in Rs. 127 Crore

29 Dec 2023 , 01:57 PM

Threpsi Care LLP, a division of private equity company True North, sold a 1.23% stake in Zydus Wellness on Thursday for Rs 127 crore in an open market deal.

Zydus Wellness shares were purchased by SBI Mutual Fund and Zydus Family Trust.

1.23% of Zydus Wellness was sold by Threpsi Care LLP, according to block deal data that the National Stock Exchange (NSE) has access to.

The deal value increased to Rs 127.30 crore when the shares were offloaded at an average price of Rs 1,632 per.

Following the most recent transaction, Threpsi Care LLP’s ownership in the company’s shares dropped from 11.35% at the end of the September quarter to 10.12%.

Zydus Wellness’ share price increased by 0.43% to close at Rs 1,641 per share on the NSE.

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