PB Fintech Slumps Over 8% After ₹1,741 Cr Block Deal

Shares of PB Fintech, the parent company of Policybazaar, plunged over 8% in early trade after a block deal worth about ₹1,741 Cr saw nearly 2.37% of the company’s equity change hands. The stock hit an intraday low of ₹1,544.45 on the BSE, down over 8% from the previous close. It later recouped some of the losses to trade around 6% lower at ₹1,575 apiece at 10:35 IST, taking the company’s market capitalisation to ₹72,745 Cr (about $8.6 Bn).