India's PB Fintech set for its worst session in nearly 4 months on block deal

PB Fintech

29/05/2026 09:03

** Shares of Policybazaar parent PB Fintech PBFI.NS down 4.7% to 1700.8 rupees
** About 3.8 mln PBFI shares were sold in a block deal at 1751 rupees per share worth 6.65 bln rupees ($69.7 mln), per exchange data
** Block deal at a discount of 1.9% to last close on Wednesday
** Sellers are PB Fintech co-founders Yashish Dahiya and Alok Bansal, according to Business Standard report
** PB Fintech did not immediately respond to a Reuters' request for comment
** Stock set to fall for six straight sessions, on track for its worst session since Feb 3
** Avg rating of 22 analysts covering the stock is "buy" and median PT is 1946.5 rupees - data compiled by LSEG
** YTD, PBFI down ~7%

($1 = 95.4600 Indian rupees)

 (Reporting by Anuran Sadhu in Bengaluru)
 ((Anuran.Sadhu@thomsonreuters.com; +91 8697274436;))