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Temasek to sell $200 million stake in Policybazaar via block deal
In May, PB Fintech co-founders Yashish Dahiya and Alok Bansal sold 0.8% stake in the company, while Chinese technology major Tencent exited its remaining 1.05% stake
Stocks to Watch for June 8: HCLTech, Adani Ports, Hindustan Zinc, ixigo and more
Alok Gupta resigns as Allied Blenders MD, Amar Sinha named successor, HCLTech awards 1 million Climate Action Grant, SBI MF buys Adani stakes from GQG, ixigo to buy 54.7% of Brevistay. Here are few stocks to keep an eye on ahead of Monday's trading session.
Vardhman Textiles, Gokaldas Exports to KPR Mill: Textile stocks jump over 6% after cotton import duty exemption
Vardhman Textiles share price jumped over 6%, followed by Pearl Global Industries, Raymond Lifestyle and Trident shares rallying over 5%. Gokaldas Exports, KPR Mill and Welspun Living shares gained over 4% each, while Alok Industries share price surged over 3%.
PB Fintech shares in focus after founders sell stake worth Rs 665 crore in Policybazaar parent
PB Fintech founders sold shares worth Rs 665 crore. Yashish Dahiya and Alok Bansal offloaded stock on Friday. Major investors like Goldman Sachs and Morgan Stanley bought these shares. This follows previous stake sales by the founders. PB Fintech reported strong revenue and profit growth for the January-March quarter. The company's stock has seen significant fluctuations since its IPO.
PB Fintech sees Rs 665 crore block deal as founders pare stake; Goldman among other top funds buy
PB Fintech founders Yashish Dahiya and Alok Bansal sold 38 lakh shares worth Rs 665 crore in a block deal. The shares were purchased by various institutional investors, including Goldman Sachs and Tata Mutual Fund, following the company's recent performance.
PB Fintech Block Deal: Yashish Dahiya, Alok Bansal likely to sell 0.8% stake at ₹1,720/share
The floor price for the block deal has been set at ₹1,720 per share, representing a 3.6% discount to the current market price, as per sources. On Wednesday (May 27), shares of PB Fintech Ltd ended at ₹1,780.20, up by ₹9.20, or 0.51%, on the BSE.
Concurrent Losers: 13 stocks decline for 5 consecutive sessions
Even as the Sensex posted modest gains during the week ending May 22, 13 BSE 500 stocks declined in every trading session. Afcons Infrastructure and Alok Industries led the losses with 11% declines, while several consumer, metal and industrial stocks also ended lower.
Alok Industries reports consolidated net loss of Rs 192.54 crore in the March 2026 quarter
Sales rise 3.15% to Rs 982.97 crore