SoftBank is reportedly planning to sell 5% of its stake in Policybazaar’s parent company, PB Fintech, in a block deal on Friday (December 2).
According to CNBC-TV18, the stake sale would be worth INR 1,000 crore. The transaction would take place at a 4.6% discount to PB Fintech’s last BSE closing price of INR 461.55. According to the report, the deal’s base price would be INR 440 per share, with Citi acting as the deal’s broker. SoftBank, a major investor in Indian startups, sold Paytm shares worth $200 million last month.
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SoftBank is reportedly planning to sell 5% of its stake in Policybazaar’s parent company, PB Fintech, in a block deal on Friday (December 2).
According to CNBC-TV18, the stake sale would be worth INR 1,000 crore. The transaction would take place at a 4.6% discount to PB Fintech’s last BSE closing price of INR 461.55. According to the report, the deal’s base price would be INR 440 per share, with Citi acting as the deal’s broker. SoftBank, a major investor in Indian startups, sold Paytm shares worth $200 million last month.
Disclaimer
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
