Tencent Sells 1.05% Stake in PB Fintech for USD 85 Mn via Block Deal
Tencent offloaded around 48.4 lakh shares at a price of INR 1,664 per share.
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Chinese technology company Tencent has sold a 1.05% stake in PB Fintech, the parent of PolicyBazaar, for INR 805.45 crore (around USD 85 million) through a block deal on the National Stock Exchange (NSE). The sale was executed via its subsidiary, Tencent Cloud Europe B.V.
According to exchange data, Tencent offloaded around 48.4 lakh shares at a price of INR 1,664 per share. This follows a similar transaction in March this year, when the company sold a 1.06% stake for INR 695 crore. With the latest deal, Tencent has exited its holding in PB Fintech through the Tencent Cloud Europe B.V. entity.
The block deal saw participation from several global and domestic institutional investors. Morgan Stanley emerged as the largest buyer, acquiring 21.4 lakh shares worth INR 356.2 crore. Societe Generale purchased 10.76 lakh shares valued at INR 179 crore, while Ghisallo Master Fund LP picked up shares worth around INR 132 crore.
Among domestic investors, HDFC Mutual Fund and Tata AIA Life Insurance also participated, acquiring shares worth INR 83.2 crore and INR 55 crore, respectively.
As of March 31, 2026, Tencent held a 7.52% stake in PB Fintech through two entities—Tencent Cloud Europe B.V. and Macritchie Investments Pte Ltd.
On the financial front, PB Fintech reported a 37% year-on-year increase in operating revenue to INR 2,061 crore, while profit rose 54% to INR 261 crore for the quarter.
Chinese technology company Tencent has sold a 1.05% stake in PB Fintech, the parent of PolicyBazaar, for INR 805.45 crore (around USD 85 million) through a block deal on the National Stock Exchange (NSE). The sale was executed via its subsidiary, Tencent Cloud Europe B.V.
According to exchange data, Tencent offloaded around 48.4 lakh shares at a price of INR 1,664 per share. This follows a similar transaction in March this year, when the company sold a 1.06% stake for INR 695 crore. With the latest deal, Tencent has exited its holding in PB Fintech through the Tencent Cloud Europe B.V. entity.
The block deal saw participation from several global and domestic institutional investors. Morgan Stanley emerged as the largest buyer, acquiring 21.4 lakh shares worth INR 356.2 crore. Societe Generale purchased 10.76 lakh shares valued at INR 179 crore, while Ghisallo Master Fund LP picked up shares worth around INR 132 crore.
Among domestic investors, HDFC Mutual Fund and Tata AIA Life Insurance also participated, acquiring shares worth INR 83.2 crore and INR 55 crore, respectively.
As of March 31, 2026, Tencent held a 7.52% stake in PB Fintech through two entities—Tencent Cloud Europe B.V. and Macritchie Investments Pte Ltd.
On the financial front, PB Fintech reported a 37% year-on-year increase in operating revenue to INR 2,061 crore, while profit rose 54% to INR 261 crore for the quarter.
