MacRitchie Investments is set to divest up to $200 million in PB Fintech, the parent company of Policybazaar and Paisabazaar. This move involves selling approximately 2.6% of the company's outstanding shares, with a floor price of 1,604 rupees per share, representing a slight discount. The transaction is anticipated to occur on July 3rd, with MacRitchie subject to a 60-day lock-up on its remaining stake.
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PB Fintech shares fell sharply on Friday after reports said Temasek-linked MacRitchie Investments likely sold more than a 2%…
PB Fintech co-founders plan ₹653.6 crore share sale, representing 0.8% of total shares, amid rising investor interest.
Temasek Holdings sells 2.37% of PB Fintech for ₹1,732.45 crore, causing a 5.40% drop in stock value.
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