Tencent Cloud Europe Sells Rs 695 Crore Stake in PB Fintech to Institutional Investors

PB Fintech shares saw significant block deals worth about Rs 695 crore as Tencent Cloud Europe sold 48.4 lakh shares at Rs 1,435 per share, reducing its stake by half. Institutional investors including Goldman Sachs, DSP Mutual Fund, Tata Mutual Fund, Mirae Asset Mutual Fund, Schroder, and Societe Generale acquired these shares. Despite the large transactions, PB Fintech shares fell over 3 percent, marking the lowest close since March 2025. The company reported strong insurance business growth, with Kotak Institutional Equities upgrading its rating recently.