{"id":111312,"date":"2023-10-06T13:23:34","date_gmt":"2023-10-06T07:53:34","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=111312"},"modified":"2023-10-06T13:25:43","modified_gmt":"2023-10-06T07:55:43","slug":"block-deal-midcap-stock-in-red-after-fii-likely-sold-2-5-stake-in-the-company-for-876-crores","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/block-deal-midcap-stock-in-red-after-fii-likely-sold-2-5-stake-in-the-company-for-876-crores\/","title":{"rendered":"Block Deal: Midcap stock in red after FII likely sold 2.5% stake in the company for \u20b9 876 Crores\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-4163498416\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The shares of India\u2019s largest online insurance platform marginally declined from its previous closing price after Foreign Institutional Investors likely sold 2.5 percent stake in the block deal.\u00a0<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1824963864\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>At 12:00 p.m the shares of <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/POLICYBZR\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">PB Fintech<\/a><\/strong> were trading at Rs. 765 down by 0.20 percent from its previous day close price and the market capitalization of the company is 34,436 Cr.\u00a0<\/p><p>As per the reports, Softbank was earlier holding 4.39 percent stake in PB Fintech, but today on October 6, 2023 it has likely sold 2.54 percent stake i.e. 1.14 crore shares worth 876Cr through a block deal, thereby reducing its stake in the company to 1.85 percent.&nbsp;<\/p><p>The company\u2019s revenue has increased by 79.51 percent from 1,424.89 Cr in FY22 to 2,557.85 in FY23, accompanied by decreasing losses of 832.91 Cr to 487.94 Cr, even though the company is making good revenue it is not able to generate profits due to very high operating expenditure that exceeds its generating revenue.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-2176087800\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>The company has reported a return on equity (ROE) of -10.15 percent and return on capital employed (ROCE) of -8.57 percent, the company has negative profitability ratios as it is not able to generate profits from the last five years.&nbsp;<\/p><p>According to the latest shareholding data available for the June 2023 quarter, the company\u2019s Promoters hold 0.00 percent stake, the Domestic Institutional Investors hold 20.77 percent and the Foreign Institutional Investors (FII) hold 44.17 percent.&nbsp;<\/p><p>PB Fintech Limited, popularly known as Policy Bazar is India\u2019s largest online platform for insurance and lending products through its flagship brands &#8211; Policybazaar and Paisabazaar platform through which they provide convenient access to insurance, credit and other financial products.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>Written by: Bharath K.S<\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-765292673\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>The shares of India\u2019s largest online insurance platform marginally declined from its previous closing price after Foreign Institutional Investors likely sold 2.5 percent stake in the block deal.\u00a0 At 12:00 p.m the shares of PB Fintech were trading at Rs. 765 down by 0.20 percent from its previous day close price and the market capitalization [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":50355,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[12891,1467,948,936,12892],"class_list":["post-111312","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-pb-fintech-latest-news","tag-pb-fintech-share-price","tag-stock-market","tag-stock-market-news","tag-why-is-pb-fintech-share-falling"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Block Deal: Midcap stock in red after FII likely sold 2.5% stake in the company for \u20b9 876 Crores\u00a0 - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/block-deal-midcap-stock-in-red-after-fii-likely-sold-2-5-stake-in-the-company-for-876-crores\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Block Deal: Midcap stock in red after FII likely sold 2.5% stake in the company for \u20b9 876 Crores\u00a0\" \/>\n<meta property=\"og:description\" content=\"The shares of India\u2019s largest online insurance platform marginally declined from its previous closing price after Foreign Institutional Investors likely sold 2.5 percent stake in the block deal.\u00a0 At 12:00 p.m the shares of PB Fintech were trading at Rs. 765 down by 0.20 percent from its previous day close price and the market capitalization [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/block-deal-midcap-stock-in-red-after-fii-likely-sold-2-5-stake-in-the-company-for-876-crores\/\" \/>\n<meta property=\"og:site_name\" content=\"Trade Brains Features\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradeBrainsOfficial\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-10-06T07:53:34+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-10-06T07:55:43+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/06\/Markets-12342-Cover-Image.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"854\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Trade Brains\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:site\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Trade Brains\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tradebrains.in\/features\/block-deal-midcap-stock-in-red-after-fii-likely-sold-2-5-stake-in-the-company-for-876-crores\/\",\"url\":\"https:\/\/tradebrains.in\/features\/block-deal-midcap-stock-in-red-after-fii-likely-sold-2-5-stake-in-the-company-for-876-crores\/\",\"name\":\"Block Deal: Midcap stock in red after FII likely sold 2.5% stake in the company for \u20b9 876 Crores\u00a0 - Trade Brains Features\",\"isPartOf\":{\"@id\":\"https:\/\/tradebrains.in\/features\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/tradebrains.in\/features\/block-deal-midcap-stock-in-red-after-fii-likely-sold-2-5-stake-in-the-company-for-876-crores\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/tradebrains.in\/features\/block-deal-midcap-stock-in-red-after-fii-likely-sold-2-5-stake-in-the-company-for-876-crores\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/06\/Markets-12342-Cover-Image.jpg\",\"datePublished\":\"2023-10-06T07:53:34+00:00\",\"dateModified\":\"2023-10-06T07:55:43+00:00\",\"author\":{\"@id\":\"https:\/\/tradebrains.in\/features\/#\/schema\/person\/640937d840c7695c8f8995dd15ae0666\"},\"breadcrumb\":{\"@id\":\"https:\/\/tradebrains.in\/features\/block-deal-midcap-stock-in-red-after-fii-likely-sold-2-5-stake-in-the-company-for-876-crores\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/tradebrains.in\/features\/block-deal-midcap-stock-in-red-after-fii-likely-sold-2-5-stake-in-the-company-for-876-crores\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/tradebrains.in\/features\/block-deal-midcap-stock-in-red-after-fii-likely-sold-2-5-stake-in-the-company-for-876-crores\/#primaryimage\",\"url\":\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/06\/Markets-12342-Cover-Image.jpg\",\"contentUrl\":\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/06\/Markets-12342-Cover-Image.jpg\",\"width\":1280,\"height\":854},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/tradebrains.in\/features\/block-deal-midcap-stock-in-red-after-fii-likely-sold-2-5-stake-in-the-company-for-876-crores\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/tradebrains.in\/features\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Block Deal: Midcap stock in red after FII likely sold 2.5% stake in the company for \u20b9 876 Crores\u00a0\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/tradebrains.in\/features\/#website\",\"url\":\"https:\/\/tradebrains.in\/features\/\",\"name\":\"Trade Brains\",\"description\":\"Stock Market NSE\/BSE Latest News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/tradebrains.in\/features\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/tradebrains.in\/features\/#\/schema\/person\/640937d840c7695c8f8995dd15ae0666\",\"name\":\"Trade Brains\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/tradebrains.in\/features\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/bd7d6331c5ab74181158fb2f0f0d9eada16909507ed513a20867478cf3bbdd43?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/bd7d6331c5ab74181158fb2f0f0d9eada16909507ed513a20867478cf3bbdd43?s=96&d=mm&r=g\",\"caption\":\"Trade Brains\"},\"sameAs\":[\"http:\/\/tradebrains.in\/\"],\"url\":\"https:\/\/tradebrains.in\/features\/author\/trade-brains\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Block Deal: Midcap stock in red after FII likely sold 2.5% stake in the company for \u20b9 876 Crores\u00a0 - Trade Brains Features","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/tradebrains.in\/features\/block-deal-midcap-stock-in-red-after-fii-likely-sold-2-5-stake-in-the-company-for-876-crores\/","og_locale":"en_US","og_type":"article","og_title":"Block Deal: Midcap stock in red after FII likely sold 2.5% stake in the company for \u20b9 876 Crores\u00a0","og_description":"The shares of India\u2019s largest online insurance platform marginally declined from its previous closing price after Foreign Institutional Investors likely sold 2.5 percent stake in the block deal.\u00a0 At 12:00 p.m the shares of PB Fintech were trading at Rs. 765 down by 0.20 percent from its previous day close price and the market capitalization [&hellip;]","og_url":"https:\/\/tradebrains.in\/features\/block-deal-midcap-stock-in-red-after-fii-likely-sold-2-5-stake-in-the-company-for-876-crores\/","og_site_name":"Trade Brains Features","article_publisher":"https:\/\/www.facebook.com\/TradeBrainsOfficial\/","article_published_time":"2023-10-06T07:53:34+00:00","article_modified_time":"2023-10-06T07:55:43+00:00","og_image":[{"width":1280,"height":854,"url":"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/06\/Markets-12342-Cover-Image.jpg","type":"image\/jpeg"}],"author":"Trade Brains","twitter_card":"summary_large_image","twitter_creator":"@TradeBrainsGrp","twitter_site":"@TradeBrainsGrp","twitter_misc":{"Written by":"Trade Brains","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/tradebrains.in\/features\/block-deal-midcap-stock-in-red-after-fii-likely-sold-2-5-stake-in-the-company-for-876-crores\/","url":"https:\/\/tradebrains.in\/features\/block-deal-midcap-stock-in-red-after-fii-likely-sold-2-5-stake-in-the-company-for-876-crores\/","name":"Block Deal: Midcap stock in red after FII likely sold 2.5% stake in the company for \u20b9 876 Crores\u00a0 - Trade Brains Features","isPartOf":{"@id":"https:\/\/tradebrains.in\/features\/#website"},"primaryImageOfPage":{"@id":"https:\/\/tradebrains.in\/features\/block-deal-midcap-stock-in-red-after-fii-likely-sold-2-5-stake-in-the-company-for-876-crores\/#primaryimage"},"image":{"@id":"https:\/\/tradebrains.in\/features\/block-deal-midcap-stock-in-red-after-fii-likely-sold-2-5-stake-in-the-company-for-876-crores\/#primaryimage"},"thumbnailUrl":"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/06\/Markets-12342-Cover-Image.jpg","datePublished":"2023-10-06T07:53:34+00:00","dateModified":"2023-10-06T07:55:43+00:00","author":{"@id":"https:\/\/tradebrains.in\/features\/#\/schema\/person\/640937d840c7695c8f8995dd15ae0666"},"breadcrumb":{"@id":"https:\/\/tradebrains.in\/features\/block-deal-midcap-stock-in-red-after-fii-likely-sold-2-5-stake-in-the-company-for-876-crores\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/tradebrains.in\/features\/block-deal-midcap-stock-in-red-after-fii-likely-sold-2-5-stake-in-the-company-for-876-crores\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/tradebrains.in\/features\/block-deal-midcap-stock-in-red-after-fii-likely-sold-2-5-stake-in-the-company-for-876-crores\/#primaryimage","url":"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/06\/Markets-12342-Cover-Image.jpg","contentUrl":"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/06\/Markets-12342-Cover-Image.jpg","width":1280,"height":854},{"@type":"BreadcrumbList","@id":"https:\/\/tradebrains.in\/features\/block-deal-midcap-stock-in-red-after-fii-likely-sold-2-5-stake-in-the-company-for-876-crores\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/tradebrains.in\/features\/"},{"@type":"ListItem","position":2,"name":"Block Deal: Midcap stock in red after FII likely sold 2.5% stake in the company for \u20b9 876 Crores\u00a0"}]},{"@type":"WebSite","@id":"https:\/\/tradebrains.in\/features\/#website","url":"https:\/\/tradebrains.in\/features\/","name":"Trade Brains","description":"Stock Market NSE\/BSE Latest News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/tradebrains.in\/features\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/tradebrains.in\/features\/#\/schema\/person\/640937d840c7695c8f8995dd15ae0666","name":"Trade Brains","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/tradebrains.in\/features\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/bd7d6331c5ab74181158fb2f0f0d9eada16909507ed513a20867478cf3bbdd43?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/bd7d6331c5ab74181158fb2f0f0d9eada16909507ed513a20867478cf3bbdd43?s=96&d=mm&r=g","caption":"Trade Brains"},"sameAs":["http:\/\/tradebrains.in\/"],"url":"https:\/\/tradebrains.in\/features\/author\/trade-brains\/"}]}},"_links":{"self":[{"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/posts\/111312","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/comments?post=111312"}],"version-history":[{"count":4,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/posts\/111312\/revisions"}],"predecessor-version":[{"id":111319,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/posts\/111312\/revisions\/111319"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/media\/50355"}],"wp:attachment":[{"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/media?parent=111312"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/categories?post=111312"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/tags?post=111312"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}