The shares changed hands at a price of ₹1,821.50 per share, taking the total transaction value to ₹920 crore.
The number of shares that changed hands amount to 1.1% of the total outstanding equity of PB Fintech.
Buyers and sellers in the transaction are not officially known.
CNBC-TV18 on Wednesday reported that PB Fintech Ltd co-founders, Yashish Dahiya and Alok Bansal, are likely to sell 5.05 million shares, or 1.1% of the company’s equity, through a block deal valued at approximately $106 million.
The deal terms also include a 90-day lock-in period for the sellers, sources in the know told CNBC-TV18.
Recently, global brokerage firm Citi assigned a ‘Buy’ rating on PB Fintech, with a price target of ₹2,185 per share.
Citi expects strength in PB Fintech’s health insurance fresh business, clocking in over 65% growth quarter-to-date, thereby providing higher visibility on future profitability.
Price rationality in point of sale person (POSP) across the industry and pick up in business activity at Paisabazaar, including PB Connect, will also aid investor sentiment, the brokerage said.
With the merger of a few top players in POSP space and the potential listing of another large player, PB Fintech’s market consolidation-driven propensity for pricing rationality remains, according to Citi.
Shares of PB Fintech Ltd. ended 1.60% on Wednesday at ₹1,838.90. The stock is down over 13% so far in 2025.
First Published: Jun 26, 2025 8:49 AM IST
