Shares of PB Fintech (Policybazaar) would be in focus as a large block deal will take place tomorrow. According to media reports, PB Fintech promoter is likely to sell upto 1.8% equity via a large block deal tomorrow (May 16). The report further stated that the total block deal size is expected to be Rs 1,053 crore and the floor price for the same is Rs 1,258 per share.
The floor price of Rs 1,258 per share for PB Fintech block deal is at a 6% discount to today’s closing price of Rs 1,338.25 on the NSE. The block deal will trigger a 365-day lock in for further stake sale by the promoter.
