Python Ii Cayman News Today

Temasek Holdings has sold its entire 5.42% stake in insurtech platform Policybazaar's parent entity PB Fintech via open market transactions.

SVF Python II ( Cayman) Limited, a SoftBank entity currently holds a 4.39 percent stake in PB Fintech. Post the fresh block deal, the holding will come down to 1.85 percent.

On Friday, 1.14 Cr shares of PB Fintech, representing a 2.5% stake in the company, were exchanged in a block deal

With its most recent strategic move in the field of financial technology, Japanese IT giant SoftBank is garnering media attention. Multiple industry sources claim that SoftBank intends to sell a further 2.54% share in PB Fintech, the parent company of Policybazaar, the largest online insurance marketplace in India.

In December 2022, the Japanese investor sold 5.1 per cent stake in PB Fintech

Shares of PB Fintech soared nearly 6% on NSE, reaching its intraday high of INR 489 on Friday after a bulk deal for 5% shares took place.

SoftBank will sell 2.28 Cr PB Fintech shares worth INR 1,000 Cr in a block deal on Friday, as per a report.

The offer of 3,45,12,186 shares were subscribed 16.59 times, thereby bids being placed for 57,23,84,100 shares.

The IPO of P.B. Fintech, the parent company of Policybazaar opened today, and in the first hour, it witnessed only retail investors pitch in

Retail portion has been booked 1.18 times. The retail investors placed the bids for 71,91,555 shares, against the earmarked 60,73,026 shares.