Temasek-backed Macritchie Investments has pared around 2.2% stake in PB Fintech through an open market transaction worth Rs 1,632.98 crore. The Macritchie Investments has offloaded around 1.02 crore shares of the company at an average price of Rs 1,604.12 apiece.
PB Fintech is the parent entity of Policybazaar, 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.