Venture Intelligence (TSJ Media Pvt. Ltd.)
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China's Tencent sells PolicyBazaar shares worth Rs.562-Cr: registers 2.1x return
Stock Exchange Data Venture Intelligence Research
China-based Tencent has sold a 2.09% stake in publicly-listed PB Fintech Ltd (which owns insurtech service PolicyBazaar) realizing 561.83 crore. Post the sale, Tencent would hold a 6.28% stake in the company.
From the Venture Intelligence PE-VC Deal Database: In Nov 2019, Tencent invested INR 1070 crore for 10% stake PB Fintech. The company went public in Nov 2021.
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Venture Intelligence (TSJ Media Pvt. Ltd.)
1, Maharani Chinnamba Road; Alwarpet; Chennai - 600018. India.