Tencent Offloads Stake in PB Fintech for Rs 805.45 Crore

Tencent, a leading Chinese technology firm, has transferred a 1.05% ownership in PB Fintech, the parent company of PolicyBazaar, for Rs 805.45 crore, which is approximately $85 million. This occurred via a block deal on the National Stock Exchange (NSE). As per exchange records, Tencent, through its subsidiary Tencent Cloud Europe BV, has disposed of 48.4 lakh shares at a rate of Rs 1,664 per share. Just earlier this year, in March, Tencent had also sold a 1.06% stake for Rs 695 crore through the same entity.

Involvement of Institutional Investors

Numerous institutional investors took part in this block deal. Morgan Stanley emerged as the largest purchaser, acquiring 21.4 lakh shares worth Rs 356.2 crore, while Societe Generale purchased 10.76 lakh shares valued at Rs 179 crore. Additionally, Ghisallo Master Fund LP acquired 7,93,00 shares amounting to around Rs 132 crore. Domestic institutional investors, including HDFC Mutual Fund and Tata AIA Life Insurance, also bought shares, investing Rs 83.2 crore and Rs 55 crore, respectively.

Tencent’s Remaining Stake in PB Fintech

As of March 31, 2026, Tencent possessed approximately 7.52% of the stake in PB Fintech through two entities: Tencent Cloud Europe B.V. and Macritchie Investments Pte Ltd. Following this recent transaction, Tencent has fully divested its shares through the Tencent Cloud Europe B.V. entity.

Financial Performance of PB Fintech

In terms of financial performance, PB Fintech has reported a 37% increase in year-on-year operating revenue, amounting to Rs 2,061 crore. Additionally, its profit surged by 54% to reach Rs 261 crore during the quarter. At the close of Friday’s trading session, shares of PB Fintech were valued at Rs 1,647.9, bringing its total market capitalisation to Rs 76,247 crore, which is around $8 billion.