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News on Medial
PB Fintech to consider returning capital to shareholders: Yashish Dahiya
Economic Times
·
1y ago
Medial
PB Fintech, parent company of insurance aggregator platform Policybazaar, is considering returning capital to shareholders, according to CEO Yashish Dahiya. The move comes after PB Fintech raised $570 million in its recent funding round, which brought its valuation to $3.5 billion. Dahiya stated that the company is currently evaluating various options for capital allocation, including returning capital to shareholders and making acquisitions.
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PolicyBazaar CEO Yashish Dahiya steps down from audit committee in board reshuffle
YourStory
·
9m ago
Medial
PB Fintech Limited, the parent company of PolicyBazaar, has reorganised its board committees. Nilesh Bhaskar Sathe and Kitty Agarwal have been appointed as new members of the audit committee, replacing Yashish Dahiya. Dhruv Shringi has been added to the risk management committee, which now includes Yashish Dahiya as Chairperson. Alok Bansal has joined the corporate social responsibility committee, chaired by Yashish Dahiya. The company recently addressed reports about entering the healthcare space, causing a drop in its shares.
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Morgan Stanley Offloads PB Fintech Shares Worth INR 19.1 Cr
Inc42
·
15d ago
Medial
Morgan Stanley Asia (Singapore) Pte sold 99,994 shares of PB Fintech in a block deal valued at INR 18.19 crore. The shares were sold for INR 1,819 each, slightly below the previous closing price of INR 1,823.7 on the BSE. BNP Paribas Financial Markets purchased the shares. This transaction follows PB Fintech co-founders Yashish Dahiya and Alok Bansal selling a significant portion of their holdings for INR 920 crore.
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We delayed profit by design: Yashish Dahiya
Livemint
·
1y ago
Medial
PB Fintech, the parent company of Policybazaar, reported its first-ever profitable quarter, with a profit after tax of ₹37.2 crore. The company witnessed a 43% revenue growth, reaching ₹871 crore. The online sales for Q3FY24 grew more than 39% YoY. Yashish Dahiya, CEO of PB Fintech, stated that the profit was delayed intentionally due to new initiatives and employee stock ownership plans. The core business is expected to drive sustainable growth, while the new initiatives will contribute to revenue and scale. Dahiya also addressed concerns about the company's credit business and regulatory changes affecting online sales in the insurance industry.
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PB Fintech’s top two executives plan to sell 1.86% stake
Livemint
·
1y ago
Medial
Yashish Dahiya, chairman and CEO, and Alok Bansal, vice-chairman of PB Fintech, the parent company of Policybazaar, are looking to sell a combined stake of 1.86% in the company. Dahiya will sell up to 54 lakh shares, while Bansal will sell up to 29.7 lakh shares at a floor price of ₹1,258 per share. The estimated total deal value is ₹1,053 crore. The sale is managed by Morgan Stanley. This follows the exit of major shareholder Temasek Holdings earlier this year. PB Fintech recently posted strong Q4 results, with a surge in net profit and revenue.
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Tencent To Offload 2.1% Stake In PB Fintech For INR 1,610 Cr
Inc42
·
10m ago
Medial
Tencent plans to sell shares of PB Fintech, the parent company of PolicyBazaar, at a discount of more than 4% to the stock's last closing price. This move comes after PB Fintech's chairman and CEO, Yashish Dahiya, and vice chairman, Alok Bansal, sold a significant number of shares a few months ago. PB Fintech's shares have seen a significant increase, up 115% this year and over 129% in the past 12 months.
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PB Fintech CEO Yashish Dahiya, Vice Chairman Alok Bansal To Offload Stake In Co
Inc42
·
1y ago
Medial
Top executives of PB Fintech, Yashish Dahiya and Alok Bansal, have announced plans to sell a total of 8.37 million shares in the company. Dahiya plans to sell 5.4 million shares, while Bansal intends to sell 2.97 million shares. The sale is expected to generate approximately INR 1,053 crore ($142 million) at a floor price of INR 1,258 per share. The proceeds will be used to pay taxes on current and future employee stock option plan exercises.
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Policybazaar Co-founders Dahiya, Bansal sell 1.8% stake; shares dip 1.4%
Inshorts
·
1y ago
Medial
Policybazaar Co-founders Yashish Dahiya and Alok Bansal sold 1.86% shares of insurance startup's parent PB Fintech on Friday through two block deals. Dahiya’s shareholding is now down to 4.83% while Bansal’s shareholding is down to 1.63%. Following the block deals, Policybazaar shares fell nearly 1.4%. “There’s no further sale of shares planned...at least for one year,” Policybazaar said.
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ZFunds secures Rs 25 crore from Elevation Capital, PB Fintech’s Yashish Dahiya
Economic Times
·
7m ago
Medial
Gurugram-based wealthtech startup ZFunds has raised INR 25 crore in equity funding led by Elevation Capital. PB Fintech group CEO Yashish Dahiya also participated in the funding round. ZFunds, founded in 2019 by ex-Paisabazaar employees, aims to assist traditional offline distributors of mutual funds to compete with online platforms. Its technology platform enables distributors to track asset performance, suggest new products, and provide research and insights. The funding will be used to scale up the distribution network and enhance technical capabilities.
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PB Fintech elevates Policybazaar CEO Sarbvir Singh as joint group CEO
Money Control
·
1y ago
Medial
Sarbvir Singh has been promoted to Joint Group CEO and Executive Director of PB Fintech, the parent company of Policybazaar and Paisabazaar. Yashish Dahiya, co-founder and chairman, remains Group CEO. Singh, previously CEO of the insurance division of Policybazaar, will continue to head that division. The company reported a reduced consolidated loss of Rs 12 crore for Q2 2023. Singh's appointment is part of the company's path towards profitability.
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PB Fintech's Yash Dahiya pays Rs 9.4 lakh to settle SEBI’s insider trading case
YourStory
·
4m ago
Medial
The Securities and Exchange Board of India (SEBI) settled an insider trading case with PB Fintech's CEO, Yashish Dahiya, for Rs 9.42 lakh. The case involved non-disclosure of a $2 million investment in UAE-based YKNP Marketing Management as "unpublished price-sensitive information." To avoid a lengthy legal battle, Dahiya opted for a settlement without admitting wrongdoing, resolving the matter officially in March 2025, though SEBI may reopen it if conditions are breached.
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