According to exchange data, Tencent Cloud Europe BV has offloaded 48.40 lakh shares of PB Fintech at a price of Rs 1,435 per share, translating to an aggregate value of Rs 695 crore. Tencent Cloud Europe owned about 96.8 lakh shares or 2.09% in the company at the end of the December quarter.
The shares were attracted by a mix of domestic and international institutional investors through multiple block trades on the NSE. Among the key buyers was Goldman Sachs Bank Europe SE, which bought 7.01 lakh shares, while another 5.64 lakh shares were bought through offshore derivative instruments through Goldman Sachs Bank Europe SE. Together, the two transactions represent a purchase of around Rs 182 crore at the block deal price.
Other notable clients include DSP Mutual Fund, Mirai Asset Mutual Fund, Tata Mutual Fund, and several foreign institutional investors such as ODI Structures and through funds managed by Schroder.
Several Mirae Asset Mutual Fund schemes participated in the transaction, collectively buying a majority of PB Fintech shares in the block window. Tata Mutual Fund also gained more than 3.4 lakh shares in two trades, while funds managed by Schroder together bought more than 6 lakh shares.
The block deal suggests continuity of institutional interest in PB Fintech despite the sale of shares by time investors and strategic shareholders.
PB Fintech operates digital insurance policy marketplace and credit marketplace Paisabazaar, which allows users to compare financial products such as insurance policies and loans online. Over the years, PB Fintech has expanded its product offerings and strengthened its presence in the broader fintech ecosystem.
