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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).
This is the second sale in two months, and this time the investment major accrued a higher profit, thanks to the rally in the market. In October, Softbank had sold 2.5% stake in the owner of Policybazaar for Rs 871 crore.