Stake sale · Financial Services

Temasek-linked entity sells 2.2% stake in PB Fintech

What they do

PB Fintech runs Policybazaar (insurance marketplace) and Paisabazaar (credit marketplace)

Macritchie Investments sold 1.01 crore shares worth Rs 1,633 crore via a bulk deal

The sale follows exits by Tencent and co-founders in May, and PB Fintech's Q4 profit rose 54%

Macritchie Investments Pte Ltd, linked to Temasek, sold a 2.2% stake in PB Fintech through a bulk deal.
The transaction involved 1.01 crore shares at Rs 1,604.12 each, totalling Rs 1,633 crore.
Before the sale, Macritchie held 6.47% of PB Fintech as of end-March.
In May, Tencent Cloud Europe BV exited its remaining 1.05% stake, selling shares worth about Rs 805.4 crore.
Also in May, co-founders Yashish Dahiya and Alok Bansal sold 38 lakh shares at Rs 1,751 each, raising about Rs 665 crore.
PB Fintech's board approved a Rs 20 crore investment in its payment subsidiary PB Pay Private Limited for expansion and RBI capital norms.
The board also approved setting up two wholly owned subsidiaries in Dubai International Financial Centre for financial advisory and reinsurance services.
On the sale day, PB Fintech's share price fell 5.71% to Rs 1,586, with a market cap of about Rs 73,383 crore.

The stake sale by a Temasek-linked entity signals a partial exit by a long-term investor.
It follows a pattern of selling by large shareholders, including Tencent and co-founders, in recent months.
Despite the sales, PB Fintech reported strong Q4 FY26 results with 37% revenue growth and 54% profit growth.
The company is expanding into payments and international markets, indicating a growth strategy.

PB Fintech is the parent company of Policybazaar (insurance marketplace, launched 2008) and Paisabazaar (credit marketplace, launched 2014).
Policybazaar holds a 93.4% market share among online insurance distributors in India by policies sold in FY2020.
It accounts for 65.3% of all digital insurance sales in India by policies sold.
Insurance premium annual run rate as of Q1 FY27: Rs 355 billion (excluding GST).
Total insurance policies sold till June 2026: 71.6 million.
Loan disbursals annual run rate as of Q1 FY27: Rs 175 billion.
Credit score customers till June 2026: 60.6 million.
The company generates revenue through commissions and fees from insurance and credit products.

PB Fintech plans to invest up to Rs 20 crore in PB Pay Private Limited for business expansion and RBI capital adequacy.
It plans to incorporate two wholly owned step-down subsidiaries in Dubai International Financial Centre to offer financial advisory and reinsurance services.

Macritchie Investments Pte Ltd (seller) — An entity linked to Temasek, a Singapore-based investment company.