PB Fintech shares slide up to 8% after Temasek arm likely sells over 2% stake via block deal

Shares of PB Fintech fell up to 8% after Singapore-based Macritchie Investments, an arm of Temasek, sold about 2.37% stake worth up to Rs 1,740 crore via a block deal at a floor price of Rs 1,601 per share, a discount of nearly 5% to the previous close of Rs 1,682.10. Post-deal, Macritchie continues to hold 6.48% (29.9 million shares) in the company. This is the second block deal in PB Fintech in about a month, after co-founders Yashish Dahiya and Alok Bansal together offloaded 38 lakh shares worth about Rs 665 crore on May 29.