Tencent Exits PB Fintech With ₹805 Cr Block Deal

Chinese tech giant Tencent has sold its entire 1.05% stake in insurtech platform PolicyBazaar’s parent entity PB Fintech via a block deal for ₹805.4 Cr.

As per NSE data, the Chinese company, via its affiliate entity Tencent Cloud Europe BV, offloaded 48.4 Lakh shares at ₹1,664 apiece to net the aforementioned proceeds from the transaction. 

The offloaded shares that flooded the market were lapped up by HDFC Mutual Fund, Morgan Stanley, Societe Generale, Tata AIA Life Insurance Company and Ghisallo Master Fund. 

While Morgan Stanley Asia Singapore acquired the biggest chunk of 21.4 Lakh shares at ₹356.2 Cr, Societe Generale and Ghisallo bought shares worth ₹179.1 Cr and ₹131.9 Cr, respectively.

Tencent first invested in PB Fintech back in 2019, buying a minority stake in the company for about $150 Mn. At the time of the homegrown startup’s listing in 2021, the Chinese tech giant held a 9.16% stake in the company. 

However, the investor has been steadily offloading stake in the company since listing, reducing its holding in the company to 2.12% at the end of December 2025. In March this year, Tencent further trimmed its stake in insurtech major and sold 48.40 Lakh shares for ₹694.65 Cr via multiple block deals. 

Prior to this in February this year, Singaporean sovereign wealth fund Temasek also sold its entire 5.42% stake in PB Fintech for a sum of ₹2,425 Cr.

The stake sale comes as investors look to book profits amid an upswing in PB Fintech shares. While the stock has risen more than 9.78% on the BSE in the past month, it has declined nearly 10% on a year-to-date (YTD) basis.

Meanwhile, PB Fintech has also demonstrated a positive trend in its financial performance over the past few quarters. The insurtech major’s consolidated net profit zoomed 54% to ₹261.2 Cr in Q4 FY26 from ₹169.7 Cr in the year-ago quarter. Meanwhile, operating revenue also increased 37% to ₹2,061 Cr during the quarter under review from ₹1,508 Cr in Q4 FY25,

Shares of PB Fintech ended Friday’s trading session 2.36% lower at ₹1643.75 on the BSE.

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