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Temasek Holdings sells entire 5.42% stake in PB Fintech

02 Feb 2024 Evaluate

Singaporean sovereign wealth fund Temasek Holdings has sold its entire 5.42 per cent stake in PB Fintech for Rs 2,425 crore through open market transactions. Temasek Holdings' wholly-owned subsidiary Claymore Investments (Mauritius) sold the shares of PB Fintech in three tranches on the BSE.

According to the block deal data, Claymore Investments (Mauritius) offloaded a total of 2,44,30,015 shares, representing a 5.42 per cent stake in PB Fintech. The shares were disposed of at an average price of Rs 992.8 apiece, taking the combined deal value to Rs 2,425.41 crore.

PB Fintech is India's leading online platform for insurance and lending products. The company provides convenient access to insurance, credit, and other financial products and aims to create awareness in India about the financial impact of death, disease, and damage.


Peers
Company Name CMP
One97 Communications 1664.80
AvenuesAI 15.30
Billionbrains Garage 180.20
Moneyview 54.03
Pine Labs 167.55
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