 
                  
Tencent to sell 2.1% stake in PB Fintech via block deal tomorrow
According to a report from CNBC-TV18, Tencent is expected to sell 2.1% stake or 9.7 million shares in the company via a large block deal tomorrow.
Stay updated with the latest news and articles about policybazaar.
 
                  
 
                  
According to a report from CNBC-TV18, Tencent is expected to sell 2.1% stake or 9.7 million shares in the company via a large block deal tomorrow.
 
                  
PB Fintech promoter is likely to sell upto 1.8% equity via a large block deal tomorrow (May 16).
 
                  
 
                  
At 2:50 PM, Policybazaar stock was down 2.8% at Rs 620.95 on the NSE.
 
                  
Reports suggest that this was in line with SoftBank's policy of stepping down from the boards of portfolio companies once they go public
 
                  
The tie-up aims at facilitating seamless digital distribution of life insurance products across the nation.
 
                  
PB Fintech Ltd is the parent company of insurance companies Policybazaar and Paisabazaar.
 
                  
PB Fintech, which operates insurance platform Policybazaar and credit tracking and comparison platform Paisabazaar, will offer Rs.3,750 crores worth of fresh equity shares and an Offer for Sale (OFS) worth Rs.2,267 crores by existing selling shareholders as part of the planned IPO.
 
                  
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