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HDFC Mutual Fund buys stake worth Rs 320.58 crore in PB Fintech

25 Sep 2026 Evaluate

HDFC Mutual Fund has acquired stake worth around Rs 320.58 crore in PB Fintech on the same day the stock price slumped 36% following IRDAI proposed new insurance distribution rules. The mutual fund has acquired 25 lakh shares of the company at an average price of Rs 1,282.30 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.

Peers
Company Name CMP
One97 Communications 1783.45
AvenuesAI 126.60
Billionbrains Garage 221.35
Moneyview 53.04
Pine Labs 166.00
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