Private Equity Liquidity Events
Temasek arm sells 2.4% stake in insurtech co. Policybazaar for Rs.1,740-Cr: report
Singapore-based MacRitchie Investments, an investment holding company linked to Temasek, has sold more than 2% in publicly listed PB Fintech through a block deal. The transaction involved 2.37% of the company's equity capital and was valued at INR 1,740 crore. The share sale was executed at a floor price of INR 1,601 per share.Founded in 2008, PB Fintech operates digital platforms Policybazaar and Paisabazaar, online insurance and lending marketplaces.
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Temasek first invested in PB Fintech in June 2015 via a secondary transaction. The company went public in Nov-2021. In Apr 2022, Temasek-backed Makesense Technologies amalgamated with PB Fintech via NCLT approval.For FY26, PB Fintech had reported about INR 208.37 Crore in Operating Income and about INR 41.44 Crore in PAT.