Temasek sells stake worth Rs 1,634 crore in PB Fintech via block deal
06 Jul 2026, 12:58 PMShare the story on
Singapore state-owned investment company Temasek has reduced its holding in PB Fintech, the parent company of PolicyBazaar, by selling around 1.02 crore shares through a block deal valued at around Rs 1,633.6 crore.
The transaction was executed at Rs 1,604.12 per share and represented nearly 2.2% of the company’s equity.
Prior to the transaction, Macritchie Investments, Temasek's subsidiary, held a 6.47% stake in the insurtech company. After the sale, Temasek is expected to retain nearly 3.8%, subject to a 60-day lock-in period. In May, it had offloaded 1.05% stake worth Rs 805 crore.
Also in May, PB Fintech cofounders Yashish Dahiya and Alok Bansal divested around 0.8% stake through block deals worth nearly Rs 665 crore, while Chinese technology firm Tencent exited its remaining 1.05% holding in a separate transaction valued at about Rs 805 crore.
In the fourth quarter of FY26, the company reported a 54% year-on-year increase in consolidated net profit to Rs 261.2 crore. Revenue from operations climbed 37% to Rs 2,061 crore during the quarter.
As per a recent The Head and Tale's analysis, investors had cashed out at least Rs 16,500 crore from new age tech companies since the middle of last year via block/bulk deals after the mandatory lock-in period expired following their listing.
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