PB Fintech shares fall 4% amid block deal; Tencent Cloud Europe likely seller
Tencent Cloud Europe BV was looking to sell 1.2% stake in Policybazaar’s parent at an average price of ₹1,228 per share, amounting to ₹677 crore.
Tencent Cloud Europe BV was looking to sell 1.2% stake in Policybazaar’s parent at an average price of ₹1,228 per share, amounting to ₹677 crore.
SoftBank, which currently holds around a 10% stake in Policybazaar, is looking sell a 5% share in the company for ₹1,000 crore
PB Fintech shares traded 61% lower than its 52-week high of ₹1,470 touched on November 17, 2021; dropped 41% against its IPO issue price of ₹980.