Private Equity

Liquidity Events

SoftBank fully exits Policybazaar: report

Business Standard  

Japanese investor SoftBank has fully exited PB Fintech, the parent company of Indian digital insurance marketplace Policybazaar, via a late December public market sale. HDFC Mutual Fund (MF), Mirae Asset MF, ICICI Prudential Life Insurance, Societe Generale, Capital Group, The Master Trust Bank of Japan, Government Pension Fund Global, Goldman Sachs, and China's Best Investment Corporation were among those who bought the shares.SoftBank, which had invested about USD 200 million in PB Fintech, has realised a total of USD 650 million from its various exits from the company which went public in November 2021.