$POLICYBZR

PB Fintech, the parent company of Policybazaar, tumbled nearly 8 percent in early trade on Friday after a block deal worth around Rs 1,741 crore saw approximately 2.37 percent of the company's equity change hands. The transaction follows reports that Singapore's sovereign investment firm Temasek Holdings was planning to reduce its stake in the online insurance platform. The stock was trading at Rs 1,553.60, down 7.6 percent in morning trade. PB Fintech shares have declined about 14 percent so far in 2026, underperforming the Nifty 50, which has fallen around 7 percent over the same period. The company currently commands a market capitalisation of more than Rs 72,000 crore. Exchange data showed that 1.08 crore shares were traded at Rs 1,601 apiece through a block deal, representing a discount of nearly 4.8 percent to Thursday's closing price of Rs 1,682.10. The identities of the buyer and seller were not disclosed immediately. The block deal closely aligns with media reports from Thursday, which said Temasek Holdings, through its subsidiary Macritchie Investments Pte Ltd, was planning to sell up to 1.19 crore shares, equivalent to about 2.6 percent of PB Fintech's equity, in a transaction valued at around Rs 1,909 crore.