PolicyBazaar shares drop 10% amid plans to foray into healthcare
PB Fintech extended its losing streak to four consecutive sessions on the NSE today, dropping 21% from its 52-week high of ₹1,966.5.
PB Fintech extended its losing streak to four consecutive sessions on the NSE today, dropping 21% from its 52-week high of ₹1,966.5.
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.