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Temasek Completes Divestment from Policybazaar's Parent Company, PB Fintech outlookindia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from outlookindia.com Daily Mail and Mail on Sunday newspapers.
Singaporean sovereign wealth fund Temasek Holdings on Thursday sold its entire 5.42 per cent stake in Policybazaar s parent firm PB Fintech for Rs 2,425 crore through open market transactions. Temasek Holdings wholly-owned subsidiary Claymore Investments (Mauritius) Pte Ltd sold the shares of PB Fintech in three tranches on the BSE. ....
Temasek Holdings subsidiary Claymore Investments sells a total of 2,44,30,015 shares of PB Fintech, representing a 5.42% stake, at an average price of ₹992.8 apiece. ....
SoftBank had invested close to $200 million in PB Fintech and sold its remaining stake in a mid-December transaction for about Rs 914 crore (or $109 million). ....