Tencent Cloud Europe Divests 1% PB Fintech Stake for ₹695 Crore via Block Deal

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Tencent Cloud Sells ₹695 Cr PB Fintech Stake; Q3 Profit Jumps 166% to ₹189 Cr

PB Fintech| According to recent reports from CNBC-TV18 on 5 March 2026, PB Fintech, the parent company of Policybazaar and Paisabazaar, is in focus due to a major block deal. The company’s co-founders, Yashish Dahiya and Alok Bansal, are reportedly reducing their holdings, selling approximately 1.1% stake (around 50.5 lakh shares) at a floor price of ₹1,445–₹1,450 per share. The likely buyers include institutional investors such as FPIs and domestic mutual funds.

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CNBC TV18•06-03-2026, 19:19

Tencent Cloud Sells ₹695 Cr PB Fintech Stake; Q3 Profit Jumps 166% to ₹189 Cr

•Tencent Cloud Europe BV sold a 1% equity stake in PB Fintech Ltd for ₹695 crore via a block deal on March 6.
•The deal involved offloading 48 lakh shares at an average price of ₹1,435.1 per share.
•Goldman Sachs Bank Europe SE, Societe Generale, and Viridian Asia Opportunities Mutual Fund were key buyers.
•PB Fintech reported a net profit of ₹189 crore in Q3, a 166% increase year-on-year, with revenue up 37% to ₹1,771 crore.
•Total insurance premium grew 45% YoY to ₹7,965 crore, and lending disbursals rose 84% YoY to ₹9,986 crore.

Read Full Article on Cnbc in English

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