PolicyBazaar parent PB Fintech’s investor, Tencent Cloud Europe BV, an affiliate tech giant Tencent, has offloaded 48.40 Lakh equity shares in the company
Per market data, the investor sold the shares at ₹1,435.10 apiece, netting ₹694.65 Cr from the transaction
Before the transaction, Tencent Cloud Europe BV held 9,748,750 shares, representing a 2.12% stake in PB Fintech
PolicyBazaar parent PB Fintech’s investor, Tencent Cloud Europe BV, an affiliate tech giant Tencent, has offloaded 48.40 Lakh equity shares in the company via block deals on Friday. As per market data, the investor sold the shares at ₹1,435.10 apiece, netting ₹694.65 Cr from the transaction.
According to exchange data, Tencent Cloud Europe BV, an affiliate of Tencent, sold 4,840,439 shares of PB Fintech at ₹1,435.10 per share, taking the total transaction value to about ₹694.65 Cr.
Before the transaction, Tencent Cloud Europe BV held 9,748,750 shares, representing a 2.12% stake in PB Fintech. Following the block deal, its holding fell to 4,908,311 shares, or 1.06% of the company, effectively halving its stake.
Several institutional investors lapped up the shares offloaded by the Tencent affiliate entity. Goldman Sachs, via its two entities — Goldman Sachs Bank Europe SE and Goldman Sachs Bank Europe SE – ODI, bought shares worth ₹181.65 Cr.
Among other investors, Societe Generale and Viridian Asset Management lapped up 7 Lakh shares for ₹100.45 Cr each. Schroders, DSP Mutual Fund, Mirae Asset and Tata Mutual Fund were the other investors who purchased a stake in PB Fintech via the bulk deal today.
Tencent first invested in PB Fintech back in 2019, buying a minority stake in the company for about $150 Mn. At the time of PB Fintech’s listing in 2021, Tencent held a 9.16% stake in the company.
The investor has been offloading stake in the company since listing, reducing its holding in the company to 2.12% at the end of December 2025. Previously, it had sold 97 Lakh shares of the insurtech major via multiple open market transactions for INR 1,668.1 Cr in August 2024.
The stake sale comes amid a turbulent time for PB Fintech’s shares. The stock has dipped close to 21% year-to-date. The company’s shares came under selling pressure shortly after the company disclosed its plans to raise fresh capital via a qualified institutional placement (QIP) earlier in February.
The plan, disclosed alongside its Q3 FY26 update, was quickly shelved after it triggered a heavy sell-off for its shares. The QIP was planned to foster further international expansion of PB Fintech’s main insurance business. However, investors reacted cautiously to the plan, as it comes at a time when the management’s bandwidth is already heavily focused on healthcare, raising concerns that it could introduce operational volatility.
On the financial front, PB Fintech’s Q3 FY26 net profit surged 165% to INR 189.4 Cr from INR 71.5 Cr in the year-ago quarter. The company’s revenue zoomed 37% YoY and 10% QoQ to INR 1,771.1 Cr in the quarter under review.
Shares of PB Fintech ended Friday’s trading session 3.19% lower at ₹1,428.15.
Comments are closed.