Tencent Cuts Stake in Policybazaar, Goldman Sachs and DSP MF Among Major Buyers

Market Transactions Update

On March 6, a group of seven institutional investors, including Goldman Sachs Bank Europe, DSP Mutual Fund, Schroder, and Societe Generale, collectively acquired over 1% stake in PB Fintech through open market transactions.

Tencent Cloud Europe BV, a subsidiary of Tencent Holdings, reduced its stake in PB Fintech by selling 48.4 lakh shares (equivalent to 1.04% of paid-up equity) for Rs 694.65 crore at a transaction price of Rs 1435.1 per share.

In contrast, the seven investors collectively purchased the entire shares sold by Tencent Cloud Europe BV. Goldman Sachs Bank Europe was the largest investor, acquiring 12.65 lakh shares for Rs 181.6 crore. Other notable investors included Mirae Asset Mutual Fund, which acquired 9 lakh shares for Rs 129.15 crore, and Societe Generale - ODI, which bought 7 lakh shares for Rs 100.45 crore.

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The remaining 19.74 lakh shares worth Rs 283.38 crore were purchased by DSP Mutual Fund, Schroder, Tata Mutual Fund, and Viridian Asia Opportunities Master Fund. Notably, Tata Mutual Fund and Mirae Asset MF already held 1.1% and 1.63% stakes in PB Fintech as of December 2025.

In other market activity, Shankara Buildpro shares jumped 3.58% to Rs 1,001.8 following the purchase of 1.62 lakh shares (0.67% stake) by 360 ONE Equity Opportunity Fund for Rs 16.22 crore at a buying price of Rs 998.61 per share.

However, Ganesha Ecosphere was under pressure, plunging 8.36% to Rs 706.4 amid high volumes, following the sale of 2.76 lakh shares (1.03% stake) by DSP Mutual Fund for Rs 21.2 crore at a price of Rs 768 per share. Despite this, India Capital Management through India Capital Fund acquired 2.34 lakh shares for Rs 17.97 crore at the same price.