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Big investor looks to sell 2.6% stake in Policybazaar parent PB Fintech
A Temasek-owned investment arm is set to sell a 2.6% stake in PB Fintech, the parent of Policybazaar and Paisabazaar, through a block deal worth about ₹1,908 crore. The shares are being offered at a 4.6% discount to the previous closing price, with details of the buyers expected later through exchange filings.
Fibe’s IPO papers flag reliance on unsecured, repeat lending
The DRHP also shows large default loss guarantee payouts, signalling that the business is not just a pure fee-led fintech but a lender exposed to credit cycles and funding costs.
Zaggle secures multi-year deal to provide enterprise software to NBFC APAC Financial
The fintech firm has signed a five-year agreement to provide its procurement and employee expense management platforms to APAC Financial Services, with revenue linked to user adoption and usage levels.
Institutional demand sparks surge in block deals as promoters book profits
Promoters and large shareholders are cashing in on a stock market rebound, offloading shares worth over ₹24,000 crore in May and June. This surge in secondary market deals, driven by strong domestic institutional investor appetite fueled by SIP inflows, contrasts with a lull earlier in the year. Notable sales include Vedanta, Craftsman Automation, and PB Fintech, with investors seeing favorable conditions for monetizing holdings and rebalancing portfolios.
PayU swings to Ebitda profit in FY26 as payments, credit businesses rally
Backed by higher-margin products and ecosystem lending, the Prosus-owned fintech firm swung to an $18-million full-year Ebitda profit while exiting lower-value UPI categories.
IPO GMPs: Advit Jewels IPO, CSM Technologies IPO to Knack Packaging IPO; here's what GMP hints
India's primary market remains active with new IPO listings. Turtlemint Fintech debuted at a discount, while Advit Jewels saw strong demand, with a 212.63x subscription. Upcoming IPOs, including CSM Technologies, Aastha Spintex, and Knack Packaging, maintain market momentum despite volatility.
Niva Bupa, Star Health Get Buy Calls As Nomura Initiates On Four Insurers -- Check Target Prices
Nomura initiated coverage on India's non-life insurance sector with Buy ratings on Niva Bupa and Star Health, while assigning Neutral ratings to ICICI Lombard and PB Fintech amid regulatory uncertainty.
Turtlemint Fintech share price gains 7% after weak listing. Should you buy, sell or hold the stock? - Mint
Turtlemint Fintech share price gains 7% after weak listing. Should you buy, sell or hold the stock?Mint
Turtlemint Fintech Solutions lists at discount
Shares of Turtlemint Fintech Solutions were currently trading at Rs 137.50 at 10:05 IST on the BSE, representing a disount of 9.54% as compared with the issue price of Rs 152.
Turtlemint Fintech Solutions share price makes weak debut, lists at 11% discount - Mint
Turtlemint Fintech Solutions share price makes weak debut, lists at 11% discountMint
Turtlemint Fintech lists at 11% discount; should you exit or accumulate?
Turtlemint Fintech shares listed at ₹134.90 apiece on the NSE and ₹136.20 on the BSE, against the issue price of ₹152 per share
Turtlemint Fintech Solutions makes weak market debut, lists below IPO price
The proceeds from the fresh issue will primarily be deployed towards expanding the company's cloud and server infrastructure, funding employee costs for its technology and product development teams, and supporting branding and marketing initiatives. It also plans to utilise part of the funds for lease-related obligations of both itself and its wholly-owned subsidiary, TIB.