[Update] Tencent Offloads Stake In PB Fintech For INR 1,668 Cr

[Update] Tencent Offloads Stake In PB Fintech For INR 1,668 Cr

SUMMARY

Tencent sold 97 Lakh shares at INR 1,719.75 apiece, a discount of 0.2% to the stock’s last close of INR 1724.85 on the BSE on August 29

The shares that flooded the market were lapped up by EuroPacific Growth Fund, Verition Master Fund, Societe Generale, SBI Mutual Fund, Axis Mutual Fund, Goldman Sachs (Singapore) Pte, among others

This comes three months after PB Fintech’s chairman and CEO Yashish Dahiya and vice chairman Alok Bansal together offloaded 83.7 Lakh shares for INR 1,109 Cr

Update | August 30, 01:36 AM 

Chinese tech giant Tencent on Thursday (August 29) sold 97 Lakh shares of insurtech major PB Fintech via multiple open market transactions for a cumulative sum of INR 1,668.1 Cr.

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