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PB Fintech’s promoter offloads shares worth Rs 236 crore

12 Feb 2022 Evaluate

PB Fintech’s promoter -- Alok Bansal has offloaded over 28 lakh shares of the company for Rs 236 crore through an open market transaction. The shares were sold on an average price of Rs 825 apiece, valuing the transaction size to Rs 235.77 crore. According to BSE data, Bansal held 58.28 lakh shares of PB Fintech as of December 2021, amounting to 1.3 per cent stake.

PB Fintech has built India’s largest online platform for insurance and lending products leveraging the power of technology, data and innovation. In 2014, PB Fintech launched Paisabazaar with the goal to transform how Indians access personal credit by accentuating ease, convenience and transparency in selecting a variety of personal loans and credit cards.

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