SoftBank’s Stake Sale Continues, Offloads 1.14 Cr PB Fintech Shares Worth INR 914 Cr

SoftBank’s Stake Sale Continues, Offloads 1.14 Cr PB Fintech Shares Worth INR 914 Cr

SUMMARY

SoftBank offloaded 2.53% of its stake in PB Fintech in multiple block deals worth a cumulative INR 913.7 Cr

Following the deal involving 1.14 Cr shares, SoftBank is now expected to hold 83.23 Lakh shares in PB Fintech

SoftBank’s stake sale in PB Fintech comes a week after it offloaded 9.35 Cr shares of foodtech giant Zomato in an INR 1,127 Cr block deal

Japanese investment major SoftBank offloaded 2.53% of its stake in PB Fintech in multiple block deals worth a cumulative INR 913.7 Cr.

SoftBank’s SVF Python II (Cayman) Limited held 1.97 Cr shares, or a 4.39% stake, in the parent entity of the insurtech platform Policybazaar in the quarter ended September 2023. 

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