Shares of PB Fintech Ltd., the parent of online insurance aggregator Policybazaar and digital consumer credit marketplace Paisabazaar, declined as much as 8% on Friday, July 3, after a large trade took place in a pre-market block window.
According to data available, as many as 1.08 crore shares of the company changed hands in the block deal. The number of shares that changed hands amount to 2.37% of the total outstanding equity of PB Fintech.
Shares changed hands at an average price of ₹1,601 per share, implying a total transaction value of ₹1,741 crore.
Macritchie Investments Pte Ltd is said to be the seller, while Citigroup Global Markets India is the sole placement agent. The seller will be subject to a 60-day lock-up period on its residual stake.
According to data available on BSE, Macritchie Investments Pte Ltd held 2.99 crore shares or 6.47% stake in PB Fintech as of March 31, 2026, under the foreign direct investment category.
PB Fintech has seen several block deals in the past one year, including by co-founders Yashish Dahiya and Alok Bansal. Tencent Cloud Europe BV was also involved in May 8 and March 6 block deals in PB Fintech this year.
For the fourth quarter of last fiscal, PB Fintech posted a consolidated net profit of Rs 261 crore, which showed a 54% growth compared with Rs 170 crore in the corresponding period last year. The company's revenue rose 37% year-on-year to Rs 2,061 crore.