Tiger Global Eight sells 0.73% stake in PB Fintech
PB Fintech is the new age stock that listed on stock exchanges on November 15 at a premium of over 17% against its issue price of Rs 980
By Roshni Agarwal, ETMarkets.com |
ETMarkets.com
Tiger Global Eight sold 0.73% or 32,84,422 shares in PB Fintech at an average traded price of Rs 388.34 per share. This was at a premium of 4% to the previous day’s closing price of Rs 373.9 apiece on the NSE.
In the entity, Tiger Global Eight held 4.23% stake as of the quarter ended September.
PB Fintech is the new age stock that listed on stock exchanges on November 15 at a premium of over 17% against its issue price of Rs 980.
The stock on a year-to-date basis has reaped a negative return of 58%. Shares of PB Fintech that runs online insurance aggregator Policybazaar as well as credit comparison company Paisabazaar ended higher by close to 7% at Rs 399.3 as on Friday’s closing.
In the entity, Tiger Global Eight held 4.23% stake as of the quarter ended September.
PB Fintech is the new age stock that listed on stock exchanges on November 15 at a premium of over 17% against its issue price of Rs 980.
The stock on a year-to-date basis has reaped a negative return of 58%. Shares of PB Fintech that runs online insurance aggregator Policybazaar as well as credit comparison company Paisabazaar ended higher by close to 7% at Rs 399.3 as on Friday’s closing.
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