The co-founders of PB Fintech Ltd, Yashish Dahiya and Alok Bansal, are set to sell shares valued at approximately ₹654 crore (around $68 million) in a secondary market transaction planned for Friday. This sale comes on the heels of a successful quarter for the company, which operates the online insurance platform Policybazaar and the credit marketplace Paisabazaar.
They are offering up to 3.8 million shares, which accounts for about 0.8% of the company’s total outstanding stock. Both Dahiya and Bansal are classified as public shareholders according to recent disclosures.
The indicative floor price for the sale is set at ₹1,720 per share, reflecting a 3.6% discount from the stock’s closing price of ₹1,784.80 on the National Stock Exchange on Wednesday. Kotak Securities Ltd is acting as the sole bookrunner and broker for this transaction.
Strong Earnings Performance
This proposed sale follows PB Fintech's financial results for the fourth quarter of fiscal year 2026 (FY26), which showed a significant increase in earnings. The company reported a consolidated net income of ₹261 crore for the quarter ending March 31, marking a 54% increase compared to the same period last year. Additionally, consolidated revenue from operations rose by 37% year-on-year to ₹2,061 crore, driven by a notable uptick in its insurance distribution segment. The total insurance premiums collected during the March quarter surged by 46% year-on-year to ₹9,217 crore.
History of Share Sales
This is not the first instance of Dahiya and Bansal selling their shares in PB Fintech. Their previous transactions include:
- In June 2025, they sold a combined 1.09% stake, equating to 5.05 million shares, raising ₹920 crore.
- In May 2024, they divested a 1.8% stake for ₹1,109 crore.
- Dahiya sold approximately 3.8 million shares in June 2022 for ₹230 crore, while Bansal sold over 2.8 million shares in February 2022 for ₹236 crore.
PB Fintech's initial public offering in November 2021 raised ₹5,710 crore, during which the co-founders and other shareholders reduced their stakes.
Market Trends
Recent reports indicate that block and bulk deals in the secondary market have reached multi-year highs, driven by factors such as high interest rates and valuation gaps. In the first four months of this year, ₹1.1 trillion has been traded in open-market transactions, a 25% increase from the same period last year. Notable recent secondary sales include significant transactions involving Lenskart Solutions and Adani Ports.
