Chinese language know-how big Tencent’s affiliate Tencent Cloud Europe BV has offered its remaining 1.05% stake in PB Fintech, the father or mother firm of PolicyBazaar, in a block deal price Rs 805.4 crore.

In accordance with NSE information, Tencent’s affiliate Tencent Cloud Europe BV offered 4.84 million shares at Rs 1,664 apiece.

The shares had been bought by a gaggle of institutional investors, together with HDFC Mutual Fund, Morgan Stanley, Societe Generale, Tata AIA Life Insurance coverage Firm and Ghisallo Grasp Fund.

Morgan Stanley Asia Singapore acquired the biggest portion of the shares, shopping for 2.14 million shares price Rs 356.2 crore. Societe Generale bought shares valued at Rs 179 crore, whereas Ghisallo Grasp Fund purchased inventory price about Rs 132 crore.

Tencent first invested in PB Fintech in 2019, buying a minority stake for round $150 million. On the time of the corporate’s inventory market debut in 2021, Tencent held a 9.16% stake.

The Chinese language agency has regularly decreased its holding since then.

Earlier this 12 months in March, Tencent sold another 1.06% stake in PB Fintech for nearly Rs 695 crore by means of a number of block offers.

Singapore’s sovereign wealth fund Temasek had exited its funding in PB Fintech in February 2024, promoting its complete 5.42% stake for Rs 2,425 crore.

As of March 2026, Tencent Cloud Europe BV held a 1.05% stake in PB Fintech. Following the newest transaction, Tencent has exited its funding by means of the Tencent Cloud Europe BV entity.