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LIC Plans Foray In Fintech Space, Strategic Investment Also On Table: CEO Doraiswamy
Prior to 2022, LIC was wholly owned by Government of India.
LIC plans foray in fintech space, strategic investment also on table: CEO Doraiswamy
Insurance giant LIC is exploring a fintech arm to boost digital capabilities. The company is also prepared for potential further stake dilution by the government. LIC has recently rewarded shareholders with a bonus issue and increased dividend. The company reported a significant net profit increase for the March quarter.
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 shares fall after ₹665 crore block deal; Founders likely sellers
As many as 38 lakh shares, or 0.82% of the company's outstanding equity, changed hands during the transaction, according to available data.
Policybazaar co-founders look to offload shares worth ₹654 crore in block deal
The secondary sale, planned for Friday, follows a blockbuster quarter for PB Fintech and marks the latest in a series of stake dilutions by its founders since the company's 2021 listing.
PB Fintech Shares In Focus: Founders Plan Rs 654 Crore Block Deal
According to the deal structure, the founders will together sell around 3.8 million shares, representing approximately 0.8% of the company's total equity.
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.
Algoquant Fintech consolidated net profit rises 2654.10% in the March 2026 quarter
Sales rise 43.06% to Rs 77.28 crore
MobiKwik shares surge 8% after the company gets RBI nod for payment aggregator license
One MobiKwik Systems shares surged after the company received in-principle RBI approval for its Payment Aggregator-Physical licence, strengthening its offline merchant payments business. The fintech firm also reported a return to profitability in Q4 FY26, supported by revenue growth and improving operational performance across its merchant ecosystem.
IT Stock Jumps 4% After Receiving $33 Mn Order From US-Based Fintech Co. By Trade Brains - Investing.com India
IT Stock Jumps 4% After Receiving $33 Mn Order From US-Based Fintech Co. By Trade BrainsInvesting.com India
Aurionpro wins 3-year deal with US based fintech platforms
Aurionpro Solutions, through its US-based subsidiary Aurionpro Fintech Inc., announced its largest order win in the US market with the signing of a strategic three-year engagement with one of the leading fintech platforms in the United States specializing in digital insurance payments. The engagement marks a significant expansion of Aurionpro's existing relationship with the customer, which currently leverages our cutting-edge payments framework software and allied services.
Scapia raises $63 million led by General Catalyst to scale AI-led travel fintech play
Travel fintech startup Scapia has raised $63 million in a Series C round led by General Catalyst to scale AI-led products, expand partnerships and grow its Gen Z user base.