SoftBank likely to sell shares worth up to $105 million in PB Fintech: report

SoftBank Group is likely to sell shares worth up to $105 million in India's PB Fintech via block deals, CNBC-TV18 reported on Thursday, citing sources.

The indicative price for the block deals is likely in the range of Rs 752 to Rs 767 per share, CNBC-TV18 said.

Shares of PB Fintech, parent of online insurance aggregation platform PolicyBazaar, closed at Rs 767 on Thursday.


SoftBank may sell a 2.54% stake in PB Fintech at a discount of up to 2%, CNBC-TV18 reported.

PB Fintech and SoftBank did not immediately respond to Reuters requests for comment.

As of June 2023, SoftBank holds a 4.39% stake in the company through its venture capital fund, according to exchange data.