Macritchie Investments Stake Reduction in PB Fintech

Macritchie Investments Pte Ltd, backed by Temasek, has been actively decreasing its investment in PB Fintech, which is the parent entity of Policybazaar. It has recently sold shares through a bulk deal, amounting to Rs 1,633 crore. This transaction represents the second time in less than two months that the firm has lowered its stake.

Details of the Recent Bulk Deal

According to the data from the National Stock Exchange, Macritchie Investments disposed of 1.01 crore shares at a price of Rs 1,604.12 per share. This sale accounted for approximately 2.2% of PB Fintech, with the total transaction valued around Rs 1,633 crore.

Previous Stake Holdings and Sales

Before this latest sale, Temasek, via Macritchie Investments, held 6.47% of PB Fintech’s shares. This recent sale follows a block deal in May, where the company divested a 1.05% stake valued at Rs 805 crore, further decreasing its overall shareholding.

Co-founders’ Share Sales

In May, the co-founders of PB Fintech, Yashish Dahiya and Alok Bansal, also sold shares worth approximately Rs 665 crore (around $70 million) in a separate block deal.

Financial Performance of PB Fintech

On the financial side, PB Fintech reported a significant 37% increase in operating revenue year-on-year, reaching Rs 2,061 crore in the fourth quarter of FY26. Additionally, the profit for this quarter rose by 54%, amounting to Rs 261 crore.

Market Reactions

Following the transaction, the shares of PB Fintech experienced a decline of 5.71%, settling at Rs 1,586 on Friday. This drop affected the company’s overall market capitalisation, bringing it down to approximately Rs 73,383 crore.