Tencent halves Policybazaar stake; Goldman Sachs, DSP MF among top buyers

Bulk Deals on March 6

• Goldman Sachs, DSP MF, Schroder, Societe Generale among 7 investors buy over 1% stake in PB Fintech
• Tencent Cloud Europe halves its stake in PB Fintech for Rs 695 crore
• DSP Mutual Fund sells 1.03% stake in Ganesha Ecosphere

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Goldman Sachs, DSP Mutual Fund, Schroder, and Societe Generale among seven foreign and domestic institutional investors have acquired over 1 percent stake in the Policybazaar promoter from Tencent Cloud Europe via open market transactions on March 6.

PB Fintech shares fell 3.01 percent to Rs 1,428.4, the lowest closing level since March 17, 2025 on the NSE.

Tencent Cloud Europe BV, a subsidiary of China's Tencent Holdings, halved its stake in the Policybazaar and Paisabazaar operator on Friday, selling 48.4 lakh shares (equivalent to 1.04 percent of paid-up equity) for Rs 694.65 crore.

The transaction price for block deals was Rs 1435.1 per share.

On the contrary, total seven investors picked up the entire shares sold by Tencent with Goldman Sachs Bank Europe being the largest investor amongst them buying 12.65 lakh shares for Rs 181.6 crore.

This follows Mirae Asset Mutual Fund which acquired 9 lakh shares in PB Fintech for Rs 129.15 crore, while Societe Generale - ODI has bought 7 lakh shares for Rs 100.45 crore.

And the remaining 19.74 lakh shares worth Rs 283.38 crore were purchased by DSP Mutual Fund, Schroder, Tata Mutual Fund, and Viridian Asia Opportunities Master Fund.

Amongst them, Tata Mutual Fund, and Mirae Asset MF already held 1.1 percent and 1.63 percent stake, respectively in PB Fintech as of December 2025.

Meanwhile, some action was also seen in Shankara Buildpro, which shares jumped 3.58 percent to Rs 1,001.8. 360 ONE Equity Opportunity Fund has bought 1.62 lakh shares (0.67 percent stake) in the building materials, and home improvement products supplier for Rs 16.22 crore. The buying price was Rs 998.61 per share.

However, Ganesha Ecosphere was under pressure on Friday, plunging 8.36 percent to Rs 706.4 amid high volumes, may be after more than one percent stake offloaded by DSP Mutual Fund.

DSP Mutual Fund sold 2.76 lakh shares (1.03 percent stake) in the PET bottle recycler for Rs 21.2 crore, at a price of Rs 768 per share. However, India Capital Management through India Capital Fund has acquired 2.34 lakh shares for Rs 17.97 crore at same price.