PB Fintech surges 6% after 5% equity changes hands on the NSE

Around 22.84 million shares representing 5 per cent of total equity of PB Fintech worth of Rs 1,042.53 crore changed hands in pre-open deals on the NSE today, the exchange data shows.

Shares of PB Fintech Ltd, the parent of online insurance aggregator Policybazaar, surged 6 per cent to Rs 489 on the National Stock Exchange (NSE) in Friday’s intra-day trade after 5 per cent equity of the company changing hands via block deal.

Around 22.84 million shares representing 5 per cent of total equity of PB Fintech worth of Rs 1,042.53 crore changed hands on the NSE in the pre-open deals at Rs 456.30, the exchange data shows. However, the names of the buyers and sellers were not ascertained immediately.

At 09:28 am; PB Fintech traded 3 per cent