SoftBank to sell 5% stake in Policybazaar parent PB Fintech today

Friday’s block sale will see SoftBank Group Corp. sell a 5% share in PB Fintech, the company that owns Policybazaar. The deal’s sole broker is Citi.

Softbank is aiming to raise 1,000 crores From the block deal. The base price for the deal might be Rs 440 a share, which represents a 4.5% discount from today’s closing price per share.


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