PB Fintech Public Shareholders Sell Stake For Rs 1,109 Crore

PB Fintech Ltd.’s public shareholders offloaded 1.84% stake for Rs 1,109 crore, through an open market transaction on Friday. Yashish Dahiya offloaded 29.7 lakh shares (or 1.19%) at Rs 1,325.15 apiece, while Alok Bansal sold 29.7 lakh shares (or 0.65%) on the NSE, according to block deal data.

Dahiya and Bansal held 1.67% and 4.63% stake in the company, respectively, as of March.

Societe Generale has mopped up 15.95 lakh shares (or 0.35% stake), while Morgan Stanley bought 14.65 lakh shares (or 0.32%). HDFC Mutual Fund acquired 3.75 lakh shares (or 0.12%) and Goldman Sachs obtained 3.45 lakh shares (or 0.11%).

Shares of PB Fintech closed 1.19% lower at Rs 1,324.65 apiece, as compared with a 0.34% rise in the benchmark BSE Sensex.