Temasek Offloads Entire 5.2% Stake In Policybazaar Parent For INR 2,425 Cr

Temasek Offloads Entire 5.2% Stake In Policybazaar Parent For INR 2,425 Cr

SUMMARY

According to BSE block deals data, a Temasek entity named Claymore Investments (Mauritius) sold 24.4 Mn shares of PB Fintech 

The shares were sold at INR 992.8 per share, taking the combined deal value to INR 2,425 Cr

Following the sale of Temasek's stake, PB Fintech's shares experienced a 1.09% decline, opening Friday's trading session at INR 986.05 on the BSE

Singaporean sovereign wealth fund Temasek Holdings has sold its entire 5.42% stake in insurtech platform Policybazaar’s parent entity PB Fintech via open market transactions.

According to BSE block deals data, a Temasek entity named Claymore Investments (Mauritius) sold 24.4 Mn shares of PB Fintech at INR 992.8 per share, taking the combined deal value to INR 2,425 Cr.

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