PB Fintech founders Yashish Dahiya, Alok Bansal sell 0.82% stake for ₹665 cr via block deal

PB Fintech on Friday (May 29) saw a block deal in which founders Yashish Dahiya and Alok Bansal sold 38 lakh shares, equivalent to a 0.82% stake (38 lakh shares) in the company, for about ₹665 crore. The shares were sold at an average price of ₹1,751 per share.

Among the buyers, St. James’s Place EM Fund purchased shares worth ₹82 crore, while Viridian Asia Opportunities Mutual Fund bought 4.4 lakh shares worth ₹77 crore. Societe Generale acquired equities worth ₹76 crore. Other buyers in the transaction included Goldman Sachs, Morgan Stanley and Tata Mutual Fund, among others.

This is not the first time the stock has witnessed large secondary market activity in recent weeks. Earlier this month, around 48.4 lakh shares worth nearly ₹805 crore changed hands in the block deal window at ₹1,664 per share.

On the brokerage front, HSBC has maintained its ‘Buy’ rating on PB Fintech and raised the price target to ₹2,100 from ₹1,980 earlier, citing strong operational momentum and improving fundamentals.

The brokerage said PB Fintech’s March quarter earnings reflected continued strength in premium growth, customer acquisition and operating leverage.

According to HSBC, the company is growing three to four times faster than the industry and added close to 1.5 million transacting customers per quarter on average during FY26, while maintaining tighter control over costs.

The cost-to-operating income ratio improved to 95% in FY26 from over 100% in FY25, indicating an improvement in unit economics.

HSBC also highlighted that losses in the credit distribution business are narrowing, while newer business lines are beginning to benefit from scale. Management’s guidance of over 30% online premium growth for FY27 was also seen as a positive for investor sentiment.

That said, the brokerage cautioned that potential regulatory changes to commission structures could remain an overhang in the near term.

However, HSBC believes consistent execution on growth and margins should help offset any such impact.

Over the medium term, the brokerage sees scaling up of other financial product distribution businesses as a further earnings catalyst. HSBC has also raised its EPS estimates for FY27 to FY29 by 1.5% to 2.2%.

At the end of the March quarter, Yashish Dahiya had a 3.86% stake in PB Fintech, while Alok Bansal had a 1.16% stake. It must also be noted that both of them are classified as “public shareholders” in the company’s shareholding pattern updated on the Bombay Stock Exchange.

PB Fintech shares ended 0.51% lower on Wednesday at ₹1,780.20. The stock has gained around 6% over the past month.