PB Fintech’s top executives, Alok Bansal and Yashish Dahiya, sold 83.7 lakh shares or 1.86 per cent stake in the insurance aggregator for ₹1,109 crore in block deals, exchange data showed. The shares were sold at ₹1,325.15 apiece on the NSE. The shares were picked up by global and domestic funds.
Societe Generale bought 15.95 lakh shares for ₹211.4 crore, Axis Mutual Fund bought 13 lakh shares for ₹172 crore, Morgan Stanley Asia 16.65 lakh shares for ₹220.6 crore. Other investors included Goldman Sachs, HDFC MF, HDFC Life Insurance and ICICI Prudential Life.
Dahiya is the Chairman, Executive Director and CEO of the fintech platform and Bansal is Vice-Chairman and whole time director.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.