PB Fintech Limited
Mirae Asset Mutual Fund increased its stake in PB Fintech from 3.27% to 3.45%, raising its shareholding from 15,133,764 to 15,970,557 shares. Multiple schemes of Mirae Asset Mutual Fund participated in this, including a purchase of approximately ₹129 crore worth of shares in a block deal where Tencent Cloud Europe BV offloaded 48.4 lakh shares at ₹1,435.1 per share.
India's largest online platform for insurance and lending products, PB Fintech operates through its flagship brands Policybazaar and Paisabazaar. The company provides convenient digital access to insurance policies, credit products, and other financial services to customers across the country. Its distinctive model aggregates offerings from multiple providers, enabling customers to compare, evaluate, and purchase financial products online without visiting physical branches.
Indian arm of South Korea's Mirae Asset Global Investments, one of Asia's largest asset managers. Manages over Rs 2.5 lakh crore in India across equity and hybrid funds. CIO Neelesh Surana has built a reputation for rigorous bottom-up stock selection with a long-term quality growth bias. Mirae Asset Emerging Bluechip Fund built a cult following before being closed to fresh investments due to size.