Graphic: Naveen Kumar Saini/MintPrivate equity (PE) fund True North Capital is in advanced talks to buy a 26% stake in Fedbank Financial Services (Fedfina) for Rs400 crore, two people in the know said. Fedfina, a non-banking finance company (NBFC) fully owned by Federal Bank Ltd, offers mostly home loans, auto loans and gold loans. True North Managers Llp, previously known as India Value Fund Advisors, is an active investor in NBFCs. True North has a strong presence in the financial services space through investments in other NBFCs—Magma Fincorp Ltd and small finance bank Fincare Ltd. True North, which has launched five investment funds with a combined corpus of $2 billion, is currently investing out of Fund V which has a corpus of $700 million.

Source: Mint April 22, 2018 21:00 UTC