Institutional Investors Including Goldman Sachs and Mirae Asset Pick Up Shares
Chinese technology giant Tencent, through its affiliate Tencent Cloud Europe BV, has offloaded a portion of its stake in PB Fintech through a block deal on the stock exchange.
According to exchange data, Tencent Cloud Europe BV sold 48,40,439 shares of PB Fintech at ₹1,435.10 per share, resulting in a transaction value of approximately ₹694.65 crore. Prior to the sale, Tencent Cloud Europe held 97,48,750 shares, representing a 2.12% stake in the company. Following the block deal, its shareholding reduced to 49,08,311 shares, or about 1.06%.
Global and Domestic Institutions Participate in Block Deal
Several institutional investors participated in the transaction. DSP Mutual Fund acquired 3,25,643 shares worth ₹46.73 crore, while Mirae Asset Mutual Fund purchased 9,00,000 shares valued at ₹129.15 crore.
Entities associated with Goldman Sachs were among the largest buyers. Goldman Sachs Bank Europe SE bought 7,01,249 shares worth ₹100.63 crore, while Goldman Sachs Bank Europe SE – ODI acquired 5,64,508 shares valued at around ₹81 crore.
Other investors included Schroder Asian Alpha Plus Fund, Schroder AsiaPacific Fund PLC, Société Générale (ODI), Tata Mutual Fund, and Viridian Asia Opportunities Master Fund.
Strong Financial Performance Supports Investor Interest
The block deal comes shortly after Policybazaar reported strong quarterly results. PB Fintech posted revenue of ₹1,711 crore in Q3 FY26, reflecting 32.5% growth, while net profit surged 2.6 times to ₹189 crore.
PB Fintech’s shares closed at ₹1,433.5 with a market capitalisation of approximately ₹66,327 crore ($7.2 billion).
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