Stake sale · Financial Services

Tencent exits PB Fintech via block deal

What they do

PB Fintech runs Policybazaar, India's largest digital insurance marketplace, and Paisabazaar for loans

Tencent sold its remaining 1.05% stake for ₹805.4 Cr to Morgan Stanley, Societe Generale and others

This follows Temasek's full exit in February 2026, as early investors cash out after strong profit growth

Tencent exited PB Fintech by selling its entire 1.05% stake through a block deal.
The deal was valued at ₹805.4 Cr (about $85 Mn).
Tencent sold 48.4 lakh shares at ₹1,664 per share.
The seller was Tencent's affiliate Tencent Cloud Europe BV.
Morgan Stanley Asia Singapore bought 21.4 lakh shares worth ₹356.2 Cr.
Societe Generale bought 10.76 lakh shares worth ₹179 Cr.
Ghisallo Master Fund LP bought 7.93 lakh shares worth ₹132 Cr.
HDFC Mutual Fund and Tata AIA Life Insurance also participated.

Tencent first invested in PB Fintech in 2019 with a minority stake for about $150 Mn.
At PB Fintech's 2021 IPO, Tencent held 9.16% stake.
Tencent had reduced its stake to 2.12% by December 2025.
In March 2026, Tencent sold 1.06% for ₹694.65 Cr via block deals.
Earlier, Temasek sold its entire 5.42% stake in February 2026 for ₹2,425 Cr.

PB Fintech operates Policybazaar (insurance marketplace) and Paisabazaar (lending marketplace).
Policybazaar launched in 2008 and is India's largest digital insurance marketplace with 93.4% market share by policies sold in FY2020.
Paisabazaar launched in 2014 for personal loans and credit cards.

Tencent (seller) — Chinese internet conglomerate, invested in PB Fintech in 2019.
Morgan Stanley Asia Singapore (buyer) — Investment banking arm of Morgan Stanley in Asia.
Societe Generale (buyer) — French multinational investment bank.
Ghisallo Master Fund LP (buyer) — Investment fund.
HDFC Mutual Fund (buyer) — Indian asset management company.
Tata AIA Life Insurance (buyer) — Indian life insurance company.