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.
Company Name | CMP |
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One97 Communications | 370.20 |
Infibeam Avenues | 33.95 |
Zaggle Prepaid Ocean | 307.75 |
PB Fintech | 1291.55 |
Suvidhaa Infoserve | 5.71 |
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