SoftBank plans to sell 5% stake in Policybazaar via block deal tomorrow: Report1 min read . Updated: 01 Dec 2022, 08:05 PM IST
- From tomorrow's block deal, through which Softbank is aiming to raise ₹1,000 crore, could be at a base price of ₹440 a share, at a discount of 4.5% to today's closing price
Japanese conglomerate SoftBank Group Corp is planning to sell a 5% stake in PB Fintech, the parent of online insurance marketplace Policybazaar, via a block deal on Friday, reported Reuters citing a report. Citi is the sole broker to the deal.
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