Shares of PB Fintech Ltd, the company behind online insurance aggregator Policybazaar and digital credit marketplace Paisabazaar, are in focus today as a significant block deal is expected to take place. Up to 1.19 crore shares, representing 2.6 percent of the company's total outstanding equity, are anticipated to change hands.
Macritchie Investments to Divest Stake
The deal, valued at approximately Rs 1,908.80 crore, or nearly Rs 1,909 crore, will see Macritchie Investments Pte Ltd act as the seller. Citigroup Global Markets India Private Limited is managing the transaction as the sole placement agent. The shares are expected to be traded at a floor price of Rs 1,604 apiece, which marks a 4.6 percent discount from Thursday's closing price of Rs 1,682.10 on the NSE.
Following this transaction, Macritchie Investments will be subject to a 60-day lock-up period on its remaining stake in PB Fintech. As of March 31, 2026, BSE data indicated that Macritchie Investments Pte Ltd held 2,99,41,996 shares, equivalent to a 6.47 percent stake, under the foreign direct investment category.
Recent Financial Performance and Past Deals
PB Fintech has been a participant in several block deals over the past year, including those involving co-founders Yashish Dahiya and Alok Bansal, as well as Tencent Cloud Europe BV earlier this year.
Financially, PB Fintech reported a strong performance in the fourth quarter of FY26. The company posted a consolidated net profit of Rs 261 crore, reflecting a substantial 54 percent increase compared to Rs 170 crore in the same period last year. This growth was primarily driven by robust sales of new health and life insurance policies.
Consolidated revenue for Q4 FY26 climbed 36.7 percent year-on-year, reaching Rs 2,061 crore, attributed to healthy demand across its insurance products and sustained expansion in financial services. Operational performance also saw significant improvement, with earnings before interest and taxes (EBIT) nearly doubling to Rs 218 crore from Rs 112 crore a year prior. Operating margins also improved to 10.6 percent from 7.4 percent, indicating enhanced efficiency and benefits from increased scale.