PB Fintech Shares Drop 2% After Rs 695 Crore Block Deal Involving 48.4 Lakh Shares

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PB Fintech Shares Dip 2% After Rs 695 Cr Block Deal; Kotak Upgrades Rating

PB Fintech

M

Moneycontrol•06-03-2026, 10:02

PB Fintech Shares Dip 2% After Rs 695 Cr Block Deal; Kotak Upgrades Rating

•PB Fintech shares fell 2% in early trade following a Rs 695 crore block deal involving 48.4 lakh shares.
•The transaction occurred at Rs 1,435.1 per share, though buyers and sellers remain undisclosed.
•Kotak Institutional Equities upgraded PB Fintech's rating from 'Reduce' to 'Add', citing improved risk-reward and easing regulatory concerns.
•The company reported a 45% YoY rise in new business premium in Q3 FY2026, driven by strong traction in term and health insurance.

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