Tencent Halves Stake in PB Fintech; Goldman Sachs, DSP MF Lead Buyers

Tencent Cloud Europe BV, a subsidiary of Chinese tech giant Tencent, has halved its stake in

tech—the parent company of !Policybazaar and Paisabazaar—through a major block deal on March 6, 2026. The firm sold 48.4 lakh shares (1.04% equity) for approximately ₹695 crore at ₹1,435.10 per share, reducing its holding from 2.12% to 1.06%. The shares were snapped up by seven institutional investors, with Goldman Sachs entities emerging as the largest buyers, acquiring shares worth around ₹182 crore. Other key participants included DSP Mutual Fund, Mirae Asset Mutual Fund, Société Générale, Tata Mutual Fund, and Schroder funds. Despite strong institutional interest following PB Fintech's robust Q3 FY26 results, shares fell 3.01% to close at ₹1,428.4 on the NSE—the lowest since March 17, 2025.