Saturday, May 27, 2023

Tencent offloads 2% stake in PB Fintech for Rs 562 crore

Tencent sold the shares for Rs 596.6 a piece, roughly 39% below PB Fintech’s IPO price of Rs 980. As per the latest transaction, Tencent's shareholding in PB Fintech has reduced to 6.28% from 8.37% (as of March 2023).

from Tech-Economic Times https://ift.tt/wFA0ETu
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