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SaltWire's Atlantic regional weather forecast for October 5, 2023 | SaltWireBENGALURU - SoftBank 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.
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