Tencent exits PB Fintech stake completely.

Tencent exits PB Fintech stake completely. The Chinese tech giant sold its entire 1.05% stake in PolicyBazaar's parent company via block deal for ₹805.4 crore, offloading 48.4 lakh shares at ₹1,664 each. Major buyers included Morgan Stanley, HDFC Mutual Fund, and Societe Generale. This marks Tencent's complete exit after investing $150 million in 2019 when it held 9.16% stake at listing. The investor has been systematically reducing exposure since 2021. Meanwhile, PB Fintech showed strong fundamentals with consolidated net profit jumping 54% to ₹261.2 crore in Q4 FY26 and operating revenue rising 37% to ₹2,061 crore. Stock declined 2.36% Friday but gained 9.78% over the past month, reflecting profit-taking by institutional investors amid positive earnings momentum.