Tencent Cloud Europe BV on Friday offloaded over 2% shares of Policybazaar's parent firm PB Fintech for Rs 562 crore through an open market transaction.
According to the bulk deal data available with the BSE, Tencent Cloud Europe BV sold 94,16,250 shares, amounting to a 2.09% stake in the firm.
The shares were disposed of at an average price of Rs 596.66 apiece, taking the transaction value to Rs 561.82 crore.
ADVERTISEMENT
As per the latest transaction, Tencent's shareholding has reduced to 6.28% from 8.37% (as of March 2023) equity in PB Fintech.
On Friday, shares of PB Fintech fell 2.85% to close at Rs 604.65 per piece on the BSE.
Add us to your Preferences
Set as your preferred source on Google
ADVERTISEMENT
RECOMMENDED FOR YOU
Apollo Hospital Block Deal: Promoter To Offload Shares Worth Rs 1,394 Crore
Aug 21, 2025
Bonus Shares Record Date This Week — Algoquant Fintech, Bemco Hydraulics
Aug 17, 2025
FPIs Offload Stocks Worth Rs 6,082 Crore
Jul 28, 2025
Money Wise: A Compelling New Way To Transact For Globetrotting Indian
Jul 26, 2025
POPULAR
1
Put In The Hard Yards: Muthu Murugappan On How To Sustain Family Legacy
2
Defence Ministry Partners With French Firm Safran To Make Indigenous Fifth-Gen Fighter Jet Engines
3
GST Council Meeting Called On Sept. 3-4 Amid Centre's Two-Slab Reform Push
4
TikTok Returns After Five Years? Website Accessible For Several Users, App Remains Unavailable
5