PB Fintech co-founders Yashish Dahiya and Alok Bansal are set to sell shares worth up to ₹654 crore through a block deal on Friday, according to the latest terms seen by Mint. The proposed transaction involves the sale of up to 3.8 million shares, representing around 0.8 per cent of the company's total outstanding equity. This significant stake sale represents a major divestment by the company's founding promoters, following what Mint describes as a blockbuster quarter for PB Fintech. The co-founders are classified as public shareholders in the company, according to the latest exchange disclosures.
The shares are being offered at a floor price of ₹1,720 apiece, reflecting a discount of around 3.6 per cent to PB Fintech's closing price of ₹1,784.80 on the National Stock Exchange on Wednesday, as reported by Mint. The pricing structure indicates the promoters' willingness to achieve a quick exit while maintaining competitive valuations in the current market conditions. The discount to the previous day's closing price suggests market-driven pricing rather than premium valuations. The proposed sale follows the release of the company's financial results for the fourth quarter of fiscal year 2026, which showed strong performance across key metrics.
Kotak Securities Ltd is the sole bookrunner and broker for the transaction, ensuring proper execution and compliance with regulatory requirements, according to Mint. The block deal structure allows for efficient execution of large transactions while maintaining market stability. The involvement of a reputed investment bank like Kotak Securities provides confidence in the transaction's execution and pricing mechanism. If completed, Friday's sale will follow Tencent's exit from the firm earlier this month, when the Chinese tech major sold its entire 1.05% stake in PB Fintech via a ₹805 crore block deal on 9 May.
The proposed share sale follows PB Fintech's impressive fourth quarter performance for fiscal year 2026, as reported by Mint. Consolidated net income reached ₹261 crore for the three months to 31 March, representing a 54% jump from the same period a year earlier. Consolidated revenue from operations climbed 37% year-on-year to ₹2,061 crore for the quarter, anchored by a sharp increase in its insurance distribution vertical. Total insurance premiums collected via the platform during the March quarter rose 46% year-on-year to ₹9,217 crore, demonstrating strong traction in the company's core insurance marketplace. This performance surge follows the company's expansion in insurance marketplace operations and sustained traction in retail lending.
This stake sale represents the latest in a series of divestments by PB Fintech's founders since the company's 2021 listing, according to Mint. In June 2025, Dahiya and Bansal sold a combined 1.09% stake for ₹920 crore through open-market transactions, reducing their stakes to 3.57% and 1.04% respectively. Previous sales include a 1.8% stake sold for ₹1,109 crore in May 2024, and earlier transactions in 2022 and 2021. The company's initial public offering in November 2021 raised ₹5,710 crore, during which the co-founders and other existing shareholders reduced their stakes significantly. With high interest rates and global upheavals affecting traditional M&A activity, promoters are increasingly turning to secondary market transactions, which have reached multi-year highs in recent months.
