SoftBank likely to sell shares worth up to $105 million in PB Fintech - report
© Reuters. FILE PHOTO: The logo of SoftBank Group Corp is displayed at SoftBank World 2017 conference in Tokyo, Japan, July 20, 2017. REUTERS/Issei Kato/File Photo) Group is likely to sell shares worth up to $105 million in India's PB Fintech via block deals, CNBC-TV18 reported on Thursday, citing sources.
The indicative price for the block deals is likely in the range of 752 Indian rupees to 767 rupees per share, CNBC-TV18 said. Shares of PB Fintech, parent of online insurance aggregation platform PolicyBazaar, closed at 767 rupees on Thursday.PB Fintech and SoftBank did not immediately respond to Reuters requests for comment.
As of June 2023, SoftBank holds a 4.39% stake in the company through its venture capital fund, according to exchange data.We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: Include punctuation and upper and lower cases.
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