Dec 02, 2022 08:44 PM IST

Softbank sells 5.1% stake in Policybazaar for Rs 1,043 crore

Goldman Sachs Singapore Pte, Societe Generale, Morgan Stanley Mauritius and Max Life Insurance Company were among the buyers.

PB Fintech gains as Softbank reduces stake by half in a block deal

While the buyer and sellers were not known immediately, it was earlier reported that SoftBank was looking to offload 5 percent stake in the company

SoftBank to sell 5% stake in Policybazaar via block deal today

The stake that would be offloaded would be worth Rs 1,000 crore, the report said.

Does PB Fintech’s steep price correction make it a worthy bet?

PB Fintech has reported a strong business growth momentum and says profitability is in sight. Moreover, the revised draft regulatory proposals released by IRDAI on November 23 reduces regulatory risks on commission.

Weekly Tactical Pick: A come-from-behind story in the insurance space

In addition to valuation turning reasonable, the company has reported a strong business growth momentum. The revised draft proposals released by the IRDAI on November 23 reduces regulatory risks to commission

Stock Market Live: Why PB Fintech gained and Paytm fell to new low | Lupin, PNB, Fino Payments in focus

European markets extend gains on Fed slowdown hopes. Stoxx600 gained 0.5%, all other key bourses in the Eurozone also ended firmly in the green. In our what’s trending segment, we do a deep dive into internet companies PB Fintech and Paytm. On the technical front, we train the spotlight on Lupin, PNB and Fino Payments Bank.

WF Asian Smaller Companies Fund buys Rs 271 crore stake in Policybazaar

The Ward Ferry Management-operated fund, in total, has bought 67.75 lakh shares in PB Fintech, which is 1.5 percent of the total paid-up equity.

Moneycontrol Daily: Your Essential 7

A daily round-up of the most interesting articles to help jump-start the day.

Stock watch: PB Fintech surges in flat market as brokerages see 50% upside

In Q2, the company’s consolidated loss narrowed to Rs 186.63 crore compared to Rs 204.44 crore loss registered in the same quarter last year

New-age tech companies divert their focus from growth to profitability

The new-age companies, after having spent some time under greater public scrutiny on listing, there's a clear shift in attitude. From the steps taken to management commentary and operating performance views - one thing looks clear that becoming profitable is at a top priority

Tiger Global offloads 2.98% shares of PB Fintech worth Rs 522 crore

The shares were disposed of at an average price of Rs 389.38-Rs 389.44 apiece, taking the transaction value to Rs 522.50 crore.

Bulk Deals | TPG Growth exits Nykaa, Tiger Global Eight Holdings offloads 2.4% stake in Policybazaar

TPG Growth IV SF Pte Ltd sold 1.08 crore shares in Nykaa at an average price of Rs 186.40 per share, as per the bulk deals data available on the exchanges.

PB Fintech Standalone September 2022 Net Sales at Rs 30.30 crore, up 32.47% Y-o-Y

PB Fintech CEO Yashish Dahiya: Investors need to know we are a boring company that will keep growing; there will be no tamasha

PB Fintech is aiming to deliver Rs 1,000 crore in profits by FY27. The company aims to increase the annual run rate for insurance premiums from Rs 10,000 crore currently to Rs 35,000 crore by FY27.

PB Fintech Consolidated September 2022 Net Sales at Rs 573.47 crore, up 105.12% Y-o-Y

PB Fintech Q2 loss narrows to Rs 187 crore; revenue doubles

The company said its revenue from operations for the period jumped 105.11 percent to Rs 573.47 crore against Rs 279.58 crore logged in the corresponding quarter last year.

11 stocks to watch out for as lock-in period expires in November

During the lock-in period, promoters and investors cannot liquidate the pre-IPO securities held by them

PB Fintech should have gone public four years later: Chairman Yashish Dahiya

In an interview with Moneycontrol, Yashish Dahiya and Alok Bansal said they are focused on the three-to-five-year perspective.

PB Fintech will not chase profitability by compromising on investments, says CEO Yashish Dahiya

As per Dahiya, public market investors may not fully understand the business but at the same time will be judging the business on a lot more parameters than it was being judged for pre-listing.

PolicyBazaar parent surges on raft of investments in India and UAE

Paisabazaar, another subsidiary of PB Fintech, will receive Rs 250 crore for which it will issue shares to the parent. The parent will also infuse Rs 650 crore in PolicyBazaar during the current financial year.

PB Fintech down 60% from highs; aims breakeven by Q4FY23

In the last 8 months, the PB Fintech's stock has fallen over 60 percent. The scrip scaled a 52-week high of Rs 1,470 on 17 November 2021 and has been spiraling down since then.

Top 10 trading ideas by experts for next 3-4 weeks as Nifty scales fresh 4-month high

Technically, since its listing, PB Fintech remained in a gradual decline, however, in the last few months the pace of the fall flatten, which is resulting in a positive divergence. It is an indication of the change in the prevailing trend.

PB Fintech loss widens to Rs 204 crore in Apr-Jun

PB Fintech, the parent firm of online insurance broker Policybazaar, on Wednesday reported a widening of consolidated loss to Rs 204.33 crore in the first quarter ended June 30, 2022, according to a BSE filing. The company had posted a loss of Rs 110.

PB Fintech Consolidated June 2022 Net Sales at Rs 505.19 crore, up 112.5% Y-o-Y

PB Fintech Standalone June 2022 Net Sales at Rs 28.46 crore, up 25.12% Y-o-Y