SoftBank to cut stake in PolicyBazaar by half1 min read . Updated: 02 Dec 2022, 06:38 AM IST
The investment management giant will divest 5% stake, around 22 million shares, out of the total 10% stake in PolicyBazaar at a floor price of ₹440 apiece, said the individual mentioned above.
MUMBAI : Japanese conglomerate SoftBank will sell half of its stake in listed insurance aggregator PolicyBazaar, owned by PB Fintech, in a block deal on 2 December, for an amount of $130 million, according to a person aware of the development.
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