PB Fintech Slumps Over 8% After ₹1,741 Cr Block Deal
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Shares of PB Fintech, the parent company of Policybazaar, plunged over 8% in early trade after a block deal worth about ₹1,741 Cr saw nearly 2.37% of the company’s equity change hands.
The stock hit an intraday low of ₹1,544.45 on the BSE, down over 8% from the previous close. It later recouped some of the losses to trade around 6% lower at ₹1,575 apiece at 10:35 IST, taking the company’s market capitalisation to ₹72,745 Cr (about $8.6 Bn).
The decline came amid reports that Singapore’s sovereign wealth fund Temasek Holdings was looking to pare its stake in the insurtech major through a block deal.
According to a Mint report, Temasek, through its subsidiary Macritchie Investments Pte, planned to sell up to 1.19 Cr shares, or about 2.6% stake, for around ₹1,909 Cr ($200 Mn).
The shares were offered at a floor price of ₹1,604 apiece, a discount of 4.6% to PB Fintech’s previous closing price on the NSE.
Before the transaction, Macritchie Investments held a 6.47% stake in PB Fintech. Following the sale, Temasek is expected to retain about 3.8% stake, which will be subject to a 60-day lock-up.
The proposed stake sale comes amid continued churn in PB Fintech’s shareholder base.
In May, cofounders Yashish Dahiya and Alok Bansal sold around 38 Lakh shares, representing roughly 0.8% stake, through block deals worth about ₹665 Cr. During the same month, Chinese technology giant Tencent exited its remaining 1.05% stake in the company via a separate ₹805 Cr block transaction.
This comes amid PB Fintech’s measures to expand its business. Earlier this week, the company said it has completed an investment of ₹13 Cr, out of the total approved investment of ₹20 Cr, in its wholly owned online payment aggregation subsidiary PB Pay. Last year, the subsidiary received the RBI’s nod to operate as a payment aggregator.
“The capital has been infused to support business expansion and/or to meet the capital adequacy/net worth criteria mandated by the RBI for operating as a payment aggregator, PB Fintech said.
Last month, PB Fintech’s board also approved the incorporation of two step-down subsidiaries in Dubai to offer financial advisory and reinsurance services, strengthening its presence in the UAE.
On the financial front, PB Fintech reported a 54% YoY jump in consolidated net profit to ₹261.2 Cr in the fourth quarter of FY26. Operating revenue rose 37% to ₹2,061 Cr during the quarter from ₹1,508 Cr a year earlier.
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