True North has slashed its entire 7.27% stake holding in Zydus Wellness. True North through its affiliate Threpsi Care LLP offloaded 46.27 lakh shares at an average price of Rs 1,900 per share, taking the transaction value to Rs 879.15 crore. Meanwhile, Parag Parikh Financial Advisory Services (PPFAS) mutual fund purchased the shares.
Earlier in August last year, Threpsi Care LLP sold a 2.6% stake in Zydus Wellness for Rs 374 crore. Prior to that, in December 2023 it had offloaded a 1.23% stake in the company for Rs 127 crore.
Zydus Wellness combines the best healthcare, nutrition, and cosmeceutical products to provide quality wellness products.
