PB Fintech co-founders sell over Rs 900 crore worth of shares
27 Jun 2025, 11:13 AM
Following the transaction, PB Fintech's Yashish Dahiya's stake dropped from 4.31% to 3.57%, while Alok Bansal’s holding declined to 1.04% from 1.40%.
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PB Fintech co-founders Yashish Dahiya and Alok Bansal have sold a combined 1.09% stake in the company through open market deals, fetching Rs 919.86 crore.
According to NSE block deal data, Dahiya, the company's CEO, sold 34 lakh shares in two tranches, amounting to a 0.74% stake. Vice Chairman Bansal offloaded 16.5 lakh shares (0.36% stake) in the Gurugram-based company, which owns insurtech platform Policybazaar and fintech platform Paisabazaar.
The shares were sold at an average price of Rs 1,821.50 a piece.
Following the transaction, Dahiya's stake dropped from 4.31% to 3.57%, while Bansal’s holding declined to 1.04% from 1.40%.
The buyers included a mix of domestic and global investors. Tata Mutual Fund, Edelweiss Life Insurance, HDFC Life, ICICI Prudential Life, and Subhkam Ventures participated in the purchase.
International firms such as Ghisallo Capital Management, Citigroup Global Markets Mauritius, Goldman Sachs, Morgan Stanley Asia (Singapore), Societe Generale, WFM Asia, System Two Advisors, and Viridian AM also picked up shares.
This isn’t the first time the founders have trimmed their stake. In May 2023, Dahiya and Bansal sold a 1.8% stake for Rs 1,109 crore. In earlier transactions, Dahiya offloaded shares worth Rs 230 crore in June 2022, while Bansal sold Rs 236 crore worth of shares in February the same year.
PB Fintech had launched its Rs 5,710-crore IPO in November 2021, during which the founders and early shareholders had already pared some of their holding.
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