Shares of PB Fintech Ltd may see high volumes on Friday, as a media report suggested that the Japan-based SoftBank Group, which owned 4.39 per cent stake in PB Fintech through a venture capital fund SVF Python II (Cayman), was looking to offload shares worth up to $105 million in the parent of Policybazaar and Paisabazaar platforms through block deals.As per the report SoftBank could sell a 2.54 per cent stake in PB Fintech at a small discount of up to 2 per cent. Kotak Mahindra Capital is the banker handling the share sale.

In December 2022, SoftBank had offloaded 5.1 per cent stake in PB Fintech via SVF India Holdings (Cayman) for Rs 1,043 crore. SVF India Holdings (Cayman) had sold 2,28,42,424 shares, amounting to 5.08 per cent stake in the company, at an average price of Rs 456.4 apiece. The stock has risen 70 per cent year-to-date.