Yashish Dahiya and Alok Bansal, co-founders of PB Fintech Ltd., are scheduled to sell their shares in the secondary market on Thursday.
Dahiya is the chairman and chief executive officer of the group, and Alok Bansal is the executive vice chairman of the parent company of Police Bazaar, an online insurance aggregator.
The two offer to sell over 500,000 shares, accounting for 1.1% through a block trading mechanism. NDTV profit. The base price is set at Rs 1,800 per share, with a 2.2% discount until the final deadline, and a trading value of Rs 912.
The Block Deal Window is open from 8:45am to 9am morning trading sessions and from 2:5pm to 2:20pm
Block transactions are performed from Exchange’s central order book and negotiated between two parties, typically institutional investors such as mutual funds, insurance companies, and banks.
Although not identified as a promoter, Dahiya owned a 4.31% stake and as of March it had a 1.4% stake in the company.
Foreign investors own 45.93%, while Mutual Fund holds 15.87% stake.
PB Fintech’s shares are 1.43% lower at Rs 1,839.75 on BSE, compared to a 0.85% advancement in benchmark Sensex.
