Stake sale · Financial Services

Tencent sells PB Fintech stake worth ₹694.65 Cr

By Startup Enthusiast · 6 March 2026

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Tencent Cloud Europe sold 48.4 lakh shares in a block deal at ₹1,435.10 each, cutting its stake to 1.06%

Goldman Sachs, Société Générale, and several mutual funds bought shares in the deal

The sale follows Tencent's earlier stake reductions and comes as PB Fintech shelves a planned QIP for international expansion

Tencent Cloud Europe BV, an affiliate of Tencent, sold 48,40,439 shares of PB Fintech via a block deal on 6 March 2026.
The block deal was worth ₹694.65 crore at ₹1,435.10 per share.
Tencent Cloud Europe's stake fell from 2.12% to 1.06% after the sale.
Goldman Sachs Bank Europe SE bought 7,01,249 shares worth ₹100.63 crore, and its ODI arm bought 5,64,508 shares worth ₹81 crore.
Société Générale (ODI) bought 7,00,000 shares worth ₹100.45 crore.
Viridian Asia Opportunities Master Fund bought 7,00,000 shares worth ₹100.45 crore.
Mirae Asset Mutual Fund bought 9,00,000 shares worth ₹129.15 crore, and DSP Mutual Fund bought 3,25,643 shares worth ₹46.73 crore.
Schroder funds and Tata Mutual Fund also bought shares, with Tata Mutual Fund buying 3,45,000 shares worth ₹49.5 crore.

Tencent first invested in PB Fintech in 2019, buying a minority stake for about $150 million.
At PB Fintech's IPO in November 2021, Tencent held a 9.16% stake.
In August 2024, Tencent sold 97 lakh shares for ₹1,668.1 crore in open market transactions.
PB Fintech had planned a QIP (a share sale to raise money from institutional investors) in February 2026 for international expansion, but shelved it after the share sell-off.

PB Fintech is the parent of Policybazaar, an insurance marketplace, and Paisabazaar, a lending marketplace.
Policybazaar launched in 2008 and was India's largest digital insurance marketplace in FY2020 with a 93.4% market share by policies sold.
Paisabazaar launched in 2014 and offers personal loans, credit cards, and credit scores.
As of Q1FY27, the company's insurance premium annualised run rate (ARR) was ₹355 billion.
It had sold 71.6 million insurance policies cumulatively till June 2026.
Loan disbursals ARR stood at ₹175 billion in Q1FY27.
Credit score customers reached 60.6 million till June 2026.

PB Fintech had planned a QIP for international expansion but shelved it after the share sell-off.

Tencent Cloud Europe BV (seller) — Affiliate of Tencent, a global technology and investment company.
Goldman Sachs Bank Europe SE (buyer) — European arm of Goldman Sachs, a global investment bank.
Société Générale (buyer) — French multinational investment bank.
Viridian Asia Opportunities Master Fund (buyer) — Investment fund focused on Asian opportunities.
Mirae Asset Mutual Fund (buyer) — Indian mutual fund arm of Mirae Asset Global Investments.
DSP Mutual Fund (buyer) — Indian asset management company.
Schroder Asian Alpha Plus Fund (buyer) — Fund managed by Schroders, a global asset manager.
Schroder AsiaPacific Fund PLC (buyer) — Fund managed by Schroders, a global asset manager.
Tata Mutual Fund (buyer) — Indian mutual fund company.