PB Fintech Founders Offload ₹665 Crore Worth Of Shares, Shares Dip 1.91%

The co-founders of PB Fintech, parent company of Policybazaar, Yashish Dahiya and Alok Bansal together offloaded nearly 38 lakh equity shares, representing a 0.82% stake, for a combined ₹665.38 crore on 29 May 2026.

PB Fintech shares dropped 1.91% to ₹1,670 on Monday morning as markets reacted to the news of a significant founder stake sale.

The transaction was executed at ₹1,751 per share on the National Stock Exchange (NSE). Dahiya sold shares worth ₹455 crore while Bansal offloaded stock worth ₹210 crore. Following the sale, their combined holding in the company declined to 4.2% from 5.02%.

Who Bought The Shares

The shares found buyers across a wide range of domestic and foreign institutional investors.

On the global side, Goldman Sachs, Morgan Stanley, Societe Generale, BNP Paribas, Ghisallo Capital Management, Metzler Asset Management, Matthews International Capital Management, Wasatch Global Investors and Hong Kong-based Viridian Asset Management all participated.

Among domestic buyers, Tata Mutual Fund, Kotak Securities and the National Pension System Trust picked up shares in the transaction.

A Pattern Of Stake Sales

This is not the first time the two founders have trimmed their holdings. In June 2025, Dahiya and Bansal together sold just over 1% stake for ₹920 crore. Before that, they had divested a 1.8% stake for ₹1,109 crore in May 2024. In June 2022, Dahiya sold nearly 38 lakh shares for ₹230 crore and Bansal followed suit with a sale of over 28 lakh shares in February for ₹236 crore.

The founders had also cut their stakes during PB Fintech’s ₹5,710 crore IPO in November 2021 when the co-founders collectively offloaded shares worth ₹2,300 crore. As of March 31, 2026, before the latest transaction, Dahiya held a 3.86% stake in PB Fintech and Bansal owned 1.16%.

How The Business Is Doing

PB Fintech reported solid numbers for the March quarter.

Net profit jumped 54% to ₹261 crore from ₹170 crore a year earlier, while total revenue grew 37% year-on-year to ₹2,061 crore, driven largely by growth in new insurance premium collections.

Stock Performance In Perspective

PB Fintech’s shares listed on the stock market in November 2021 at ₹1,150, a 17% premium to its IPO price of ₹980. The stock had a rocky first year, falling over 69% to an all-time low of ₹356.20 in November 2022. It recovered sharply from there, surging nearly 531% to touch an all-time high of ₹2,246.90 in January 2025.

Also Read - IndiGo Q4 FY26 Results: ₹2,537 Crore Loss Despite Revenue Growth

Since that peak, the stock has given back over 24% and closed at ₹1,702.50 on Friday before falling further on Monday. Even so, it remains up more than 48% from its listing price and 74% from its initial public offering (IPO) price. The company's current market capitalisation stands at over ₹79,398 crore.

Sources:

The Economic Times

Business Standard