SynopsisThe shares were acquired by investors including Goldman Sachs, Morgan Stanley, Hong Kong-based Viridian Asset Management, Kotak Securities, Tata Mutual Fund, National Pension System Trust, and other domestic and foreign portfolio investors. The transaction was executed at Rs 1,751 per share.ETtechAlok Bansal and Yashish Dahiya, founders, PB Fintech groupYashish Dahiya and Alok Bansal, founders of Policybazaar parent PB Fintech, together sold a 0.8% stake in the company for Rs 665 crore, according to information disclosed on the National Stock Exchange. Dahiya, chairman and group chief executive, sold shares worth Rs 455 crore, while Bansal offloaded stock worth Rs 210 crore on Friday.The shares were acquired by investors including Goldman Sachs, Morgan Stanley, Hong Kong-based Viridian Asset Management, Kotak Securities, Tata Mutual Fund, National Pension System Trust, and other domestic and foreign portfolio investors. The transaction was executed at Rs 1,751 per share.PB Fintech shares closed 4.6% lower at Rs 1,702.50 on the NSE on Friday.In June last year, Dahiya and Bansal, who serves as the company's executive vice-chairman, sold about 1.1% of PB Fintech for around Rs 960 crore at Rs 1,821.50 per share.Before that, during the Gurugram-based company's initial public offering in 2022, the two founders collectively sold shares worth more than Rs 2,300 crore.With Friday's transaction, the founders have realised nearly Rs 4,000 crore through stake sales in the insurance distribution company since its listing.As of March 31, Dahiya held a 3.86% stake in PB Fintech, while Bansal owned 1.16%.For the January-March quarter, PB Fintech reported operating revenue of Rs 2,061 crore, up 36% year-on-year, driven primarily by growth in new insurance premium collections, the group's core business. Net profit rose 54% to Rs 261 crore from Rs 169 crore a year earlier.After a steady decline following its listing that lasted until early 2023, PB Fintech's stock rallied strongly over the next two years before peaking in January 2025. Since then, it has largely traded in a range. The stock hit an all-time high of Rs 2,215.85 on January 3, 2025. It is down 8% over the past six months and currently commands a market capitalisation of about Rs 79,000 crore. ...moreElevate your knowledge and leadership skills at a cost cheaper than your daily tea.Subscribe Now