Particle.news
Download on the App Store
5 ARTICLES
·
4w ago

PB Fintech Co-Founders Sell $106M Stake as Major Block Deals Hit Delhivery and MobiKwik

Institutional investors acquired large share blocks following the co-founders’ exit from PB Fintech.

Image
Image
Image

Overview

  • PB Fintech co-founders Yashish Dahiya and Alok Bansal offloaded 1.1% of equity in a block deal worth $106 million at ₹1,821.50 per share.
  • US hedge fund Ghisallo Capital along with ICICI Prudential Life Insurance and HDFC Life Insurance emerged as the principal buyers in the PB Fintech transaction.
  • Delhivery saw 1.19 crore shares worth ₹461 crore change hands at ₹388.15 per share in an unidentified block trade.
  • MobiKwik Systems shares jumped 5.14% to ₹258.65 after block deals totaling ₹641.89 crore executed in the opening hour.
  • South Africa’s Net1 Applied Technologies Netherlands BV prepared to divest its entire 8% stake in MobiKwik, reflecting shifts in the shareholder base.