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Tencent halves stake in PB Fintech via Rs 695 Cr block deal

EntrackrEntrackr · 12d ago
Tencent halves stake in PB Fintech via Rs 695 Cr block deal
Medial

Tencent Cloud Europe BV, an affiliate of Chinese internet giant Tencent, offloaded a portion of its stake in PB Fintech, the parent company of Policybazaar and Paisabazaar, through a block deal on Friday. According to bulk deal data on the stock exchange, Tencent Cloud Europe BV sold 48,40,439 shares of PB Fintech at Rs 1,435.10 per share, taking the total transaction value to around Rs 694.65 crore. Prior to the transaction, Tencent Cloud Europe held 97,48,750 shares, representing 2.12% stake in PB Fintech. Following the block deal, its holding reduced to 49,08,311 shares, or 1.06% in the company. Several institutional investors participated in the block deal. DSP Mutual Fund acquired 3,25,643 shares worth Rs 46.73 crore, while Mirae Asset Mutual Fund purchased 9,00,000 shares valued at Rs 129.15 crore. Meanwhile, Goldman Sachs entities were among the largest buyers in the transaction. Goldman Sachs Bank Europe SE bought 7,01,249 shares worth Rs 100.63 crore, while Goldman Sachs Bank Europe SE – ODI picked up 5,64,508 shares amounting to Rs 81 crore. Other buyers included Schroder Asian Alpha Plus Fund, which purchased 3,46,958 shares worth Rs 49.8 crore, and Schroder AsiaPacific Fund PLC, which bought 2,57,081 shares valued at Rs 36.9 crore. Société Générale (ODI) and Tata Mutual Fund acquired 7,00,000 shares (Rs 100.45 crore) and 3,45,000 shares (Rs 49.5 crore), respectively. Viridian Asia Opportunities Master Fund also bought 7,00,000 shares for Rs 100.45 crore. This move comes after PolicyBazaar’s quarterly result announcement, in which its revenue increased 32.5% to Rs 1,711 crore in Q3 FY26, while its net profits surged 2.6X to Rs 189 crore in the same period. At the end of the day, PolicyBazaar traded at Rs 1,433.5 with a total market capitalization of Rs 66,327 crore (approximately $7.2 billion).

Citigroup sells Swiggy shares worth Rs 12 Cr to BNP Paribas in bulk deal

EntrackrEntrackr · 8m ago
Citigroup sells Swiggy shares worth Rs 12 Cr to BNP Paribas in bulk deal
Medial

Citigroup Global Markets, the brokerage and investment banking subsidiary of US-based Citigroup Inc., has sold shares of Swiggy to BNP Paribas Financial Markets, the investment arm of French banking giant BNP Paribas, through a block deal. Citi has sold 3.2 lakh shares at Rs 381 each to Paribas Financial Markets worth Rs 12.2 crore, according to data accessed from the stock exchange via bulk deal. Swiggy posted Rs 4,410 crore revenue in the last quarter of the financial year ending March 31, 2025, along with a loss of Rs 1,081 crore in the same period. Swiggy's food delivery business remains a significant revenue driver, contributing 37%, followed by quick commerce. Swiggy’s stock is currently trading at Rs 392.2 (as of 11:42 AM), with a total market cap of Rs 96,030 crore.

Varun Alagh increases his stake in Honasa to 32.45% via Rs 50 Cr block deal

EntrackrEntrackr · 2m ago
Varun Alagh increases his stake in Honasa to 32.45% via Rs 50 Cr block deal
Medial

Varun Alagh increases his stake in Honasa to 32.45% via Rs 50 Cr block deal Mamaearth’s parent Honasa Consumer’s co-founder and promoter Varun Alagh has increased his equity stake in the company through a block deal on December 29, 2025. According to Honasa’s exchange filing, Alagh bought 18,51,851 equity shares, representing 0.57% of the company’s total share capital, at Rs 270 per share, taking the transaction value to about Rs 50 crore. As disclosed on the NSE, these shares were purchased from Fireside Ventures Investment Fund. Following this acquisition, his total shareholding has risen to 10.56 crore shares, accounting for 32.45% of Honasa’s equity. The filing further added that the aggregate shareholding of the promoter and promoter group has increased to 35.54%, translating into 11.56 crore shares. The development comes soon after Honasa’s strategic entry into the men’s grooming market with the acquisition of South India-focused Reginald Men. The company has picked up a 95% stake in BTM Ventures Pvt Ltd, the owner of Reginald Men through a secondary transaction at Rs 195 crore. In terms of financials, Mamaearth’s revenue increased 16.5% to Rs 538 crore in Q2 FY26 from Rs 462 crore in Q2 FY25. The Gurugram-based company reported profit after tax of Rs 39 crore in Q2 FY26, as compared to a loss of Rs 18.56 crore in Q2 FY25. During the quarter ending September 2025, the company also picked up 25% stake in Couch Commerce Private Limited which owns brand “Fang Oral Care” for a consideration of upto Rs 10 crores. Mamaearth parent’s shares are trading at Rs 275 per share (as of 15:25 PM), with a total marketing capitalization of Rs 8,955 crore ($1 billion).

VBAP Holding sells Awfis’ shares worth Rs 57 Cr

EntrackrEntrackr · 5m ago
VBAP Holding sells Awfis’ shares worth Rs 57 Cr
Medial

VBAP Holdings Private Limited sold its 23.6% stake in co-working solutions firm Awfis through a bulk deal. According to a corporate disclosure on the National Stock Exchange, the firm offloaded 9,96,307 shares at Rs 570.12 per share for Rs 56.8 crore. As of March 2025, VBAP owned 42,17,712 shares of Awfis, forming a total of 5.92% of Awfis' total captable. Less than a week ago, QRG Investments offloaded Awfis’ shares worth Rs 22 Cr through a bulk deal. Awfis’ revenue from operations grew 30% year-on-year to Rs 335 crore in Q1 FY26 from Rs 258 crore in the same quarter last year. The company’s profit surged 3.5X to Rs 10 crore in Q1 FY26, from Rs 2.8 crore in Q1 FY25 in the same period. Awfis’ stock is trading at Rs 565.8 (as of 11:55 AM) with a total market capitalization of Rs 4,061 crore.

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