PB Fintech under pressure post large block deal, SoftBank likely seller

Shares of PB Fintech opened flat in the morning session today, following indications from Japanese tech giant SoftBank who posted large block deal to divest an additional 2.54% stake in PB Fintech.

According to sources familiar with the matter, SoftBank planned this stake sale through a block deal. It’s important to note that SoftBank is not completely exiting; rather, this constitutes a partial stake sale, as clarified by one of the sources.


The proposed offer price range falls between Rs 752 and Rs 767 per share. This range reflects a discount of 0-2% in comparison to the previous closing price of Rs 767 per share, as outlined in the deal terms seen by Moneycontrol.

At 9:25 AM the company’s share were trading 0.74% down, or 5.65 drop or at ₹761.35