{"id":23212,"date":"2022-02-11T20:30:01","date_gmt":"2022-02-11T15:00:01","guid":{"rendered":"https:\/\/tradebrains.in\/features\/biz-pb-fintech\/"},"modified":"2022-02-11T20:43:13","modified_gmt":"2022-02-11T15:13:13","slug":"biz-pb-fintech","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/biz-pb-fintech\/","title":{"rendered":"PB Fintech founder sells firm shares worth Rs 236 cr; Shares down 10.5%"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2252567038\"><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>Co-founder of PB Fintech Alok Bansal on Friday divested over 28 lakh shares of the company for Rs 236 crore through an open market transaction.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-4168062963\"><!-- 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>\n<p>PB Fintech operates the online insurance platform Policybazaar and credit comparison portal Paisabazaar.<\/p>\n<p>According to the bulk deal data available with NSE, Bansal sold a total of 28,57,820 shares of\u00a0PB Fintech.<\/p>\n<p>The shares were sold on an average price of Rs 825 apiece, valuing the transaction size to Rs 235.77 crore.<\/p><div class=\"trade-content_5\" id=\"trade-3336578245\"><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>\n<p>However, buyer (s) of the shares could not be ascertained immediately.<\/p>\n<p>PB Fintech shares fell by 10.59 per cent to close at Rs 776.15 apiece on NSE.<\/p>\n<p>According to BSE data, Bansal held\u00a058.28 lakh shares of\u00a0PB Fintech as of December 2021, amounting to 1.3 per cent stake.<\/p>\n<p>PB Fintech\u00a0came out with its Rs 5,710-crore initial public offering (IPO) in November 2021. The company&#8217;s co-founders and other shareholders had reduced their stake in the public issue. PTI SP\u00a0 RUJ RUJ<\/p>\n<div class=\"trade-after-content\" id=\"trade-3109749163\"><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>Co-founder of PB Fintech Alok Bansal on Friday divested over 28 lakh shares of the company for Rs 236 crore through an open market transaction. PB Fintech operates the online insurance platform Policybazaar and credit comparison portal Paisabazaar. According to the bulk deal data available with NSE, Bansal sold a total of 28,57,820 shares of\u00a0PB [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":23218,"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":[1696,31,1789],"tags":[],"class_list":["post-23212","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-corporate-action","category-news","category-trending-news"],"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>PB Fintech founder sells firm shares worth Rs 236 cr; Shares down 10.5% - 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\/biz-pb-fintech\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PB Fintech founder sells firm shares worth Rs 236 cr; Shares down 10.5%\" \/>\n<meta property=\"og:description\" content=\"Co-founder of PB Fintech Alok Bansal on Friday divested over 28 lakh shares of the company for Rs 236 crore through an open market transaction. PB Fintech operates the online insurance platform Policybazaar and credit comparison portal Paisabazaar. 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