The floor price for the block deal has been set at ₹1,720 per share, representing a 3.6% discount to the current market price, as per sources. On Wednesday (May 27), shares of PB Fintech Ltd ended at ₹1,780.20, up by ₹9.20, or 0.51%, on the BSE.
1 Min Read
A block deal has been launched in Policybazaar’s parent firm, PB Fintech Ltd, with Co-Founders Yashish Dahiya and Alok Bansal likely to sell a 0.8% stake in the company, sources in the know told CNBC-TV18.
The floor price for the block deal has been set at ₹1,720 per share, representing a 3.6% discount to the current market price, the sources added.
ALSO READ | PB Fintech shares can jump nearly 25%, HSBC says despite regulatory overhang risk
At the end of the March quarter, Yashish Dahiya had a 3.86% stake in PB Fintech, while Alok Bansal had a 1.16% stake. It must also be noted that both of them are classified as “public shareholders” in the company’s shareholding pattern updated on the Bombay Stock Exchange.On Wednesday (May 27), shares of PB Fintech Ltd ended at ₹1,780.20, up by ₹9.20, or 0.51%, on the BSE.
