PB Fintech Founders Sell Over 1% Stake for ₹920 Crore in Open Market Deal

PB Fintech’s co-founders offload over 50 lakh shares for ₹920 crore, continuing a steady stake sale trend post-IPO.

The co-founders of PB Fintech have completed another major PB Fintech stake sale, raising over ₹920 crore via public markets.
This transaction marks the latest in a series of stake reductions by the company’s top leadership since its 2021 IPO.
Yashish Dahiya, CEO, and Alok Bansal, Vice Chairman, sold a combined 1.09% stake in the Gurugram-based fintech group.
Despite the sale, both founders continue to retain minority holdings and board-level roles within the parent company of Policybazaar and Paisabazaar.

Founders Offload 50.5 Lakh Shares Together

Dahiya and Bansal sold 50.5 lakh shares in total, executed through block deals on the National Stock Exchange (NSE).
According to filings, Dahiya sold 34 lakh shares across two tranches, while Bansal divested 16.5 lakh shares in a single block.
Together, the transactions amounted to ₹919.86 crore, with the shares trading at an average price of ₹1,821.50 per share.
While this wasn’t their first sell-off, the timing and size still drew interest from institutional investors across India and abroad.

Ownership Falls Slightly But Control Remains

Following the stake sale, Dahiya’s holding dropped from 4.31% to 3.57%, and Bansal’s shareholding fell from 1.40% to 1.04%.
Even though both founders reduced their stakes, they remain influential voices in company strategy and long-term vision.
This PB Fintech stake sale does not indicate a leadership exit but instead continues their trend of gradual equity diversification.
Interestingly, the market responded moderately, with shares closing 0.53% lower at ₹1,830 on the same day.

Who Bought the Shares?

The stake was acquired by a mix of domestic mutual funds, insurance firms, and global investment managers, according to exchange data.
Key Indian buyers included Tata Mutual Fund, Edelweiss Life Insurance, HDFC Life, and ICICI Prudential Life Insurance.
International investors included Citigroup Global Markets Mauritius, Goldman Sachs, Morgan Stanley Asia, and Societe Generale.
Others such as Viridian AM, Ghisallo Capital, and System Two Advisors also participated in the PB Fintech stake sale.

Past Sales and IPO Background

This isn’t the founders’ first divestment. In May 2023, Dahiya and Bansal together sold a 1.8% stake worth ₹1,109 crore.
Earlier, in June 2022, Dahiya had offloaded 38 lakh shares for ₹230 crore, while Bansal sold shares worth ₹236 crore in February.
PB Fintech went public with a ₹5,710 crore IPO in November 2021, one of India’s biggest fintech listings at the time.
Since then, several early shareholders and executives have reduced their stakes gradually, though the business continues to scale steadily.

Policybazaar and Paisabazaar Continue to Lead

PB Fintech operates two prominent platforms—Policybazaar (insurance comparison) and Paisabazaar (credit and lending marketplace).
Despite leadership stake dilution, both platforms continue growing across products, categories, and partnerships with banks and insurers.
Therefore, investor interest remains high, especially as the Indian insurtech and lending tech sectors expand rapidly post-pandemic.
This explains why global institutions continue participating in every PB Fintech stake sale without hesitation.

Conclusion: Confidence in the Business Remains Strong

Although this was another high-profile PB Fintech stake sale, investor sentiment around the company appears largely unchanged.
Founders are monetizing some holdings, yet they remain strategically involved, and the business fundamentals remain robust.
With continued traction in digital financial services, PB Fintech remains a long-term player in India’s fast-evolving fintech landscape.
Going forward, analysts expect more stake realignments but continued institutional backing for the company’s scalable business model.

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