The shares of PB Fintech, the parent company of Policybazaar, will remain in focus on Monday after the company's founders Yashish Dahiya and Alok Bansal together sold a 0.8% stake for Rs 665 crore on Friday.
Dahiya, chairman and group chief executive, sold shares worth Rs 455 crore, while Bansal offloaded stock worth Rs 210 crore, according to data on the National Stock Exchange (NSE). While the founders were sellers, the buyers of these shares included Goldman Sachs, Morgan Stanley, Hong Kong-based Viridian Asset Management, Kotak Securities, Tata Mutual Fund, National Pension System Trust, and other domestic and foreign portfolio investors. The transaction was executed at Rs 1,751 per share.
