MacRitchie Investments, a subsidiary of Temasek Holdings, is preparing to divest a significant portion of its holdings in PB Fintech. According to official term sheets, the firm plans to sell shares worth up to $200 million, covering approximately 2.6% of the company's total outstanding equity.
The divestment is set to be executed at a floor price of 1,604 rupees per share. This valuation reflects a marginal discount compared to current market prices, signaling an strategic exit rather than a reaction to poor corporate performance.
The transaction is scheduled for July 3rd. As part of the agreement, MacRitchie has committed to a 60-day lock-up period on any remaining shares, providing stability to PB Fintech’s stock price immediately following the block deal.
PB Fintech, the parent entity behind leading Indian platforms Policybazaar and Paisabazaar, has seen robust investor interest as it continues to capture a larger share of the digital insurance and credit brokerage markets.
