Shares of PB Fintech, the parent company of Policybazaar, saw large block deals worth about Rs 695 crore on Friday, with Goldman Sachs, mutual funds and foreign institutional investors picking up shares from an existing investor. According to exchange data, Tencent Cloud Europe BV offloaded 48.40 lakh shares of PB Fintech at a price of…
Shares of PB Fintech fell as much as 5.8% to an intraday low of Rs 1,813.05 on the BSE on December 16, following reports of potential regulatory tightening around insurance agent commissions. The move comes amid broader industry concerns over the implications of the proposed Insurance Bill 2025 on digital insurance marketplaces and intermediaries. According…
The RBI’s rate cut lifted the markets for a second straight session, with financials, auto and real estate stocks leading the gains. The trend remains positive, with the index sustaining above the 21 EMA. Decoding the current setup, Rupak De, Senior Technical Analyst at LKP Securities, said the index has given a breakout from its…
PB Fintech which operates fintech platforms Policybazaar and Paisabazaar on Thursday reported a 41% year-on-year growth in its Q1 net profit of Rs 85 crore versus Rs 60 crore reported in the year ago period. The profit is attributable to the owners of the company. The company’s consolidated operating revenue grew at 33% to Rs…
India’s new-age tech stocks saw a sharp divergence in performance in the first half of 2025, as investors recalibrated their expectations and began pricing in execution risk, capital discipline, and earnings visibility. Shares of Ola Electric crashed nearly 50%, Swiggy fell 26%, and Paytm declined 9%, as execution concerns and cash burn drove investors away….
New Delhi, PB Fintech‘s co-founders Yashish Dahiya and Alok Bansal divested a little over 1 per cent stake in the company for Rs 920 crore through open market transactions. PB Fintech’s chief executive Dahiya and Vice Chairman Bansal sold a total of 50.50 lakh shares or 1.09 per cent stake in the company. PB Fintech…
Insurance aggregator PB Fintech on Thursday reported a consolidated net profit growth of 185% in Q4FY25 at Rs 171 crore versus Rs 60 crore reported in the year ago period. The company’s revenue from operations in the March-ended quarter stood at Rs 1,508 crore, which was up 38% over Rs 1,090 crore in the corresponding…
Shares of PB Fintech dropped 10% over two sessions to Rs 1,322 on Thursday after the company announced on Tuesday its plan to invest Rs 696 crore in its subsidiary, PB Healthcare Services Private Limited, in the next financial year to expand operations. Meanwhile, in today’s trading session, the stock fell 5.8% to Rs 1,322….
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PB Fintech, the parent of Policy Bazaar, reported a consolidated net profit of Rs 60 crore for the quarter ended June 30, 2024, reversing a loss of Rs 12 crore in the same quarter a year ago led by growth in business. Revenue for the quarter grew 52% to Rs 1,010 crore. The company’s total…