PB Fintech co-founders likely sell 5.50 lakh shares worth Rs 960 crore in block deal
, the parent company of
Policy Bazaar
, witnessed a
block deal
on Thursday, where the company's co-founders,
Yashish Dahiya
and
Alok Bansal
, likely sold 5.50 lakh shares, or 1.1% of the company's equity.
The deal is valued at approximately Rs 960 crore. According to CNBC TV-18, the transaction is believed to have taken place at a price of Rs 1,821.50 per share.
However, the official details of the transaction have not been confirmed.
Following the development, shares of PB Fintech slipped 1.1% to hit an intraday low of Rs 1,819.80 on the BSE.
PB Fintech share price history
Over the past one year, the stock of PB Fintech has surged 38.62%. On a year-to-date (YTD) basis, it has declined by 13.16%, while in the last six months, it is down 10.72%. However, in the past three months, the stock has gained 14.30%, and over the last one month, it has risen by 3.40%.
On Wednesday, PB Fintech shares closed 1.4% lower at Rs 1,839.75 on the BSE.
Also read:
SBI appoints 6 banks for Rs 25,000 crore QIP, first share sale in eight years
PB Fintech Q4 results
PB Fintech reported a sharp 185% year-on-year (YoY) jump in its
consolidated net profit
for the quarter ended March 2025 (Q4FY25). It rose to Rs 171 crore in Q4FY25 from Rs 60 crore in Q4FY24.
Revenue from operations for the March quarter stood at Rs 1,508 crore, up 38% from Rs 1,090 crore in the same quarter of the previous financial year.
On a full-year basis, PB Fintech's PAT surged 448% to Rs 353 crore in FY25 from Rs 64 crore in FY24, with profit margins expanding from 2% to 7%. The company's closing cash balance at the end of the quarter stood at Rs 5,406 crore.
(
Disclaimer
: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
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