PB Fintech cofounders offload shares worth Rs 665 crore via block deals
30 May 2026, 12:34 PMSeveral institutional investors picked up the shares, including Goldman Sachs, Morgan Stanley, Societe Generale, Kotak Securities, Tata Mutual Fund and BNP Paribas.
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Insurtech firm PB Fintech's cofounders Yashish Dahiya and Alok Bansal collectively sold shares worth Rs 665.4 crore through multiple block deals on the stock exchange.
According to NSE data, Dahiya sold 26 lakh shares at Rs 1,751 apiece, generating around Rs 455.3 crore, while Bansal offloaded 12 lakh shares at the same price to pocket nearly Rs 210.1 crore.
Several institutional investors picked up the shares, including Goldman Sachs, Morgan Stanley, Societe Generale, Kotak Securities, Tata Mutual Fund and BNP Paribas. Among the notable buyers, St. James’s Place purchased shares worth Rs 81.9 crore, while Viridian Asia Opportunities Master Fund and Societe Generale acquired stakes valued at Rs 76 crore and Rs 57.5 crore, respectively.
As of March 2026, Dahiya owned a 3.86% stake in the company, while Bansal held 1.2%. The latest transaction follows another share sale by the duo in June 2025, when they diluted holdings worth nearly Rs 920 crore.
The development also comes shortly after Chinese technology giant Tencent exited its remaining 1.05% stake in PB Fintech through a separate Rs 805.4 crore block deal earlier this month.
The company’s consolidated net profit surged 54% year-on-year to Rs 261.2 crore in Q4 FY26, while operating revenue climbed 37% to Rs 2,061 crore.
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