PB Fintech Shares Soar After SoftBank Sells 5% Stake
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.
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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.