PB Fintech shares fell sharply on Friday after reports said Temasek-linked MacRitchie Investments likely sold more than a 2% stake via a block deal at a discount. The proposed transaction, valued at around Rs 1,740 crore, weighed on investor sentiment.
PB Fintech shares fell sharply on Friday after reports said Temasek-linked MacRitchie Investments likely sold more than a 2% stake via a block deal at a discount. The proposed transaction, valued at around Rs 1,740 crore, weighed on investor sentiment.
<iframe src="https://hindustansphere.com/embed/cluster/18f3db893012f847bb8de3426c15d9e413adcbca" width="100%" height="320" style="border:0;max-width:680px" loading="lazy" title="PB Fintech shares slide up to 8% after Temasek arm likely sells over 2% stake via block deal"></iframe>
PB Fintech shares fell as much as 8.12% to an intraday low of Rs 1,545.50 on Friday after Temasek's arm reportedly sold more than a 2% stake in the company through a block deal.According to a CNBC-TV18 report, the deal, involving 2.37% of the company's equity capital and valued at up to Rs 1,740 crore, was executed at a floor price of Rs 1,601 per share. The floor price represented a discount of nearly 5% to Thursday's closing price of Rs 1,682.10.The transaction is in line with a proposed bloc…
