Today the stock price of Policybazaar and Paisabazaar’s parent company PB Fintech Limited was trading down more than 8%.
Yashish Dahiya and Alok Bansal, co-founders of PB Fintech will sell a 2.4% stake in the company, in which Mr. Dahiya will sell 70 lakh shares and Alok Bansal will sell 38.9 lakh shares, worth $130-$140 million.
Apart from this, today 64.7 lakh shares were exchanged through a block deal in PB Fintech Limited at an average price of Rs 822 per share. The value of this deal is around Rs 534 crore, which makes up to a 1.4% stake in the company.
In the last one month, the share price of the company has gone down almost 7% and the company is trading at an almost 19% discount from its IPO issue price.
This article is only for education purpose and the author has his own views and research, so if you invest in these stocks then do it at your own risk and do the research yourself before investing.