PB Fintech shares drop 8% after ₹1,741 cr block deal
PB Fintech shares fell 8% to ₹1,545.50 after a ₹1,741 cr block deal involving 1.08 crore shares. The sale, executed by Macritchie Investments, triggered market pressure on the stock, indicating potential shifts in investor sentiment.
after close1 source ↓written by the desknot a recommendation
- to a low
- 8%
- on 3 July
- ₹1,545.50
- involving
- 1.08 crore shares
- of total equity
- 2.37%
- each
- ₹1,601
PB Fintech shares fell 8% to a low of ₹1,545.50 on 3 July following a block deal involving 1.08 crore shares, about 2.37% of total equity. The shares were sold at approximately ₹1,601 each, totaling ₹1,741 cr. This sale was executed by Macritchie Investments, with Citigroup Global Markets as the placement agent.
The significant drop in share price reflects market reaction to the large investor's decision to offload a substantial stake, which may impact investor sentiment in the near term.
Not investment advice. For informational purposes only.