NIFTY23,406▼0.33%

SENSEX74,346▼0.41%

BANKNIFTY54,186▲0.88%

NIFTY IT29,384▼5.57%

PHARMA24,087▲0.33%

AUTO26,093▲0.05%

FMCG48,124▼1.01%

METAL13,535▼0.17%

REALTY762.60▼1.39%

ENERGY40,197▲0.02%

NIFTY23,406▼0.33%

SENSEX74,346▼0.41%

BANKNIFTY54,186▲0.88%

NIFTY IT29,384▼5.57%

PHARMA24,087▲0.33%

AUTO26,093▲0.05%

FMCG48,124▼1.01%

METAL13,535▼0.17%

REALTY762.60▼1.39%

ENERGY40,197▲0.02%

Market6d ago

Policybazaar Co-Founders to Offload ₹654 Crore in Block Deal

PB Fintech Co-Founders Eye Secondary Market Transaction

The co-founders of PB Fintech Ltd are planning to sell shares worth up to ₹654 crore (approximately $68 million) through a secondary market transaction on Friday, according to the terms of the deal, as seen by Mint.

PB Fintech operates a range of prominent online financial platforms, including the insurance platform Policybazaar and the credit marketplace Paisabazaar.

Read also: Treasury Yields Experience Largest Increase in Two Weeks Following Release of Labor Market Data

Investor Takeaway

Investors should be cautious of the potential impact of the co-founders' share sale on the company's stock price.

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