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