Tencent Sells INR 695 Cr Stake in PB Fintech via Block Deal
Before the deal, Tencent Cloud Europe BV held 2.12% in PB Fintech, which fell to 1.06% after stake sale.
Yashish Dahiya, Co-founder and Group CEO of PB Fintech
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Tencent affiliate Tencent Cloud Europe BV has offloaded part of its stake in PB Fintech, the parent company of Policybazaar and Paisabazaar, through a block deal on Friday.
According to bulk deal data available on the stock exchanges, Tencent Cloud Europe BV sold 48,40,439 shares of PB Fintech at a price of INR 1,435.10 per share. The transaction was valued at approximately INR 694.65 crore.
Before the sale, Tencent Cloud Europe held 97,48,750 shares in PB Fintech, representing a 2.12 percent stake in the company. Following the block deal, its holding declined to 49,08,311 shares, translating to a 1.06 percent stake.
The transaction saw participation from several institutional investors. DSP Mutual Fund acquired 3,25,643 shares worth around INR 46.73 crore, while Mirae Asset Mutual Fund bought 9,00,000 shares valued at about INR 129.15 crore.
Entities linked to Goldman Sachs were among the largest buyers in the deal. Goldman Sachs Bank Europe SE purchased 7,01,249 shares worth approximately INR 100.63 crore. Another entity, Goldman Sachs Bank Europe SE – ODI, acquired 5,64,508 shares for nearly INR 81 crore.
Other institutional participants included Schroder Asian Alpha Plus Fund, which bought 3,46,958 shares worth INR 49.8 crore, and Schroder AsiaPacific Fund PLC, which purchased 2,57,081 shares valued at around INR 36.9 crore.
Additionally, Société Générale (ODI) acquired 7,00,000 shares worth INR 100.45 crore, while Tata Mutual Fund bought 3,45,000 shares valued at INR 49.5 crore. Viridian Asia Opportunities Master Fund also picked up 7,00,000 shares in the deal for INR 100.45 crore.
The stake sale comes shortly after PB Fintech reported its quarterly results. The company said its revenue rose 32.5 percent year-on-year to INR 1,711 crore in the third quarter of FY26. Net profit during the period increased 2.6 times to INR 189 crore.
Tencent affiliate Tencent Cloud Europe BV has offloaded part of its stake in PB Fintech, the parent company of Policybazaar and Paisabazaar, through a block deal on Friday.
According to bulk deal data available on the stock exchanges, Tencent Cloud Europe BV sold 48,40,439 shares of PB Fintech at a price of INR 1,435.10 per share. The transaction was valued at approximately INR 694.65 crore.
Before the sale, Tencent Cloud Europe held 97,48,750 shares in PB Fintech, representing a 2.12 percent stake in the company. Following the block deal, its holding declined to 49,08,311 shares, translating to a 1.06 percent stake.
