Tencent Cloud Europe BV, an affiliate of Chinese internet giant Tencent, offloaded a portion of its stake in PB Fintech, the parent company of Policybazaar and Paisabazaar, through a block deal on Friday.
According to bulk deal data on the stock exchange, Tencent Cloud Europe BV sold 48,40,439 shares of PB Fintech at Rs 1,435.10 per share, taking the total transaction value to around Rs 694.65 crore.
Prior to the transaction, Tencent Cloud Europe held 97,48,750 shares, representing 2.12% stake in PB Fintech. Following the block deal, its holding…

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