PB Fintech Chief Executive Dahiya and Vice Chairman Bansal sold a total of 50.50 lakh shares or 1.09 % stake in the company.
PB Fintech is the parents of the Insertech Platform PolicyBazar and Fintech platform Pisabazer.
According to the data of block deal on the NSE, Ashish Dahiya flooded a total of 34 lakh shares in two branches with 0.74 % stake in PB Fintec.
In addition, according to Alok Bansal data, Gurugram -based PB Fintech sold 16.50 lakh shares or 0.36 per cent holding.
The value of the joint transaction was around Rs 919.86 crore, which was an average of Rs. Was run at a price of 1,821.50.
After the sale of stake, Dahiya’s holding dropped from 31.3131 percent to 3.57 percent in PB FinTech, and Bansal’s share has dropped from 8.40 percent to 1.04 percent.
Meanwhile, shares were taken by domestic mutual fund entity, insurance companies and foreign investors.
Companies purchasing stake are Tata Mutual Fund, Edelwiss Life Insurance, HDFC Life Insurance, ICICI Prudential Life Insurance, and Mumbai -based Subhakam Ventures.
US-based Ghaslo Capital Management, City Group Global Markets Mauritius, Goldum Sach NS S, Morgan Stanley Asia Singapore, Society Generel, WFM Asia, System Two consultants and Hong-Kong-based Investment Manager Viridian AM.
PB FinTech’s shares fell 0.53 per cent to settle at Rs 1,830 on the NSE.
In May last year, Dahiya and Bansal paid Rs. 1.8 % of the 1,109 crore stake.
In June 2022, Dahiya made the company’s about 38 lakh shares for 230 crore. In February, Bansal made 28 lakh shares of the company for 236 crore.
PB Fintech came out in November 2021 with an initial public offering fur of his Rs 5,710 crore. The company’s co-stationers and other shareholders reduced their share in the public issue.
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