PB Fintech share price rises 3% after HDFC Mutual Fund stake raise to 5.02%

PB Fintech share price rose about 3% intraday on July 17 after HDFC Mutual Fund raised its stake in the company to 5.02%, crossing the 5% disclosure threshold under SEBI takeover regulations. HDFC Mutual Fund acquired 1,29,068 equity shares (0.03% stake) through open market purchases on July 14, taking its aggregate holding to 2,32,06,588 shares. The acquisition was executed via multiple HDFC Mutual Fund schemes including index funds, ETFs and flexi cap funds.