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The Economic Times
The Economic Times

PB Fintech shares slide up to 8% after Temasek arm likely sells over 2% stake via block deal

PB Fintech Temasek fintech Yashish Dahiya

PB Fintech shares fell as much as 8.12% to an intraday low of Rs 1,545.50 on Friday after Temasek's arm reportedly sold more than a 2% stake in the company through a block deal.

According to a CNBC-TV18 report, the deal, involving 2.37% of the company's equity capital and valued at up to Rs 1,740 crore, was executed at a floor price of Rs 1,601 per share. The floor price represented a discount of nearly 5% to Thursday's closing price of Rs 1,682.10.

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