Shares of PB Fintech, the parent firm of Policybazaar, fell a percent on February 2 morning after Claymore Investments sold its stake in the company.
Claymore Investments (Mauritius) Pte Ltd sold 2.44 crore equity shares of PB Fintech on February 1 at Rs 992.8a per share, aggregating to over Rs 2,425 crore, according to the bulk deals data. It could not be ascertained who the buyer was.
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PB Fintech reported a profit after tax of Rs 37 crore for the December quarter against a loss of Rs 87 crore in the year-ago period.
Revenue grew 43 percent to Rs 871 crore from the year-ago period.
Also read: PB Fintech turns profitable in Q3 after reporting Rs 37 crore PAT, revenue grows 43%
Over the last year, PB Fintech shares have gained over 130 percent and over 30 percent in the last six months.
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