BUSINESS

1

[{"selector":"#anim-56967107-e5c4-49e9-9656-67af2f2ac240","keyframes":{"opacity":[0,1]},"delay":400,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-64feb4d3-0d9f-4859-b240-69c572d5cf09","keyframes":{"transform":["translate3d(0px, 819.51893%, 0)","translate3d(0px, 0px, 0)"]},"delay":400,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-6fbeedc7-5895-4a4e-95b5-f6793d08962e","keyframes":{"opacity":[0,1]},"delay":600,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-71b6bf52-d215-4e19-8a66-35bfc0435404","keyframes":{"transform":["translate3d(0px, 1020.88814%, 0)","translate3d(0px, 0px, 0)"]},"delay":600,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

2

[{"selector":"#anim-b5e1a73d-5062-45f2-90cf-04e7b46f503c","keyframes":{"opacity":[0,1]},"delay":400,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f5e951d0-1076-4d12-8e30-3f09d1a5937f","keyframes":{"transform":["translate3d(0px, 439.45249%, 0)","translate3d(0px, 0px, 0)"]},"delay":400,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-2d1eaa50-9b98-4dfb-947c-62ce01eaca5c","keyframes":{"opacity":[0,1]},"delay":600,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-39a659a9-f7be-4006-b130-936176b3668c","keyframes":{"transform":["translate3d(0px, 900.88844%, 0)","translate3d(0px, 0px, 0)"]},"delay":600,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

3

[{"selector":"#anim-331856a2-3b72-47a8-8a25-7b08ea476d4f","keyframes":{"opacity":[0,1]},"delay":400,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d9b3d290-c56d-4c9c-9810-f70fc23909fc","keyframes":{"transform":["translate3d(0px, 819.51893%, 0)","translate3d(0px, 0px, 0)"]},"delay":400,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-9fcf9547-3f81-4e4a-a5a5-a2e84db00adf","keyframes":{"opacity":[0,1]},"delay":600,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f2a9b10c-d13e-40ba-ab37-077f9ed161bb","keyframes":{"transform":["translate3d(0px, 1020.88814%, 0)","translate3d(0px, 0px, 0)"]},"delay":600,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

4

[{"selector":"#anim-8e8f6bd5-29fb-4059-b380-a334776610c6","keyframes":{"opacity":[0,1]},"delay":400,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-b08f5c0c-062f-4a8b-b20b-69afbdd58441","keyframes":{"transform":["translate3d(0px, 819.51893%, 0)","translate3d(0px, 0px, 0)"]},"delay":400,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-2c8e879d-d8dc-44ad-918a-332341d10e39","keyframes":{"opacity":[0,1]},"delay":600,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-8ce9576a-9e01-4364-bd80-59d4c0fdc233","keyframes":{"transform":["translate3d(0px, 1020.88814%, 0)","translate3d(0px, 0px, 0)"]},"delay":600,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

5

[{"selector":"#anim-e8b455e6-6367-4e00-b514-e53d4dd87b0f","keyframes":{"opacity":[0,1]},"delay":400,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-32864de3-6b4b-4722-aae2-154332e0c376","keyframes":{"transform":["translate3d(0px, 819.51893%, 0)","translate3d(0px, 0px, 0)"]},"delay":400,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-7fcdbef7-37e7-41c9-9469-92744a0af204","keyframes":{"opacity":[0,1]},"delay":600,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-570d4a35-5c1d-4dd6-b9f1-b62650bf53c1","keyframes":{"transform":["translate3d(0px, 1020.88814%, 0)","translate3d(0px, 0px, 0)"]},"delay":600,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

6

[{"selector":"#anim-564c1ed2-0875-488a-a1e7-e148e38a8f5c","keyframes":{"opacity":[0,1]},"delay":400,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-52898a1e-76c1-48a9-8e5f-638530406549","keyframes":{"transform":["translate3d(0px, 819.51893%, 0)","translate3d(0px, 0px, 0)"]},"delay":400,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-310a0773-4928-4dea-9249-2f357895df66","keyframes":{"opacity":[0,1]},"delay":600,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-cf03d8a3-20a8-4a9d-b25f-847d3a696058","keyframes":{"transform":["translate3d(0px, 1020.88814%, 0)","translate3d(0px, 0px, 0)"]},"delay":600,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

[{"selector":"#anim-cf9dccae-24b6-4938-9355-80c6102454a7","keyframes":[{"transform":"scale(1)","offset":0},{"transform":"scale(1.5)","offset":0.33},{"transform":"scale(0.95)","offset":0.66},{"transform":"scale(1)","offset":1}],"delay":0,"duration":1450,"easing":"ease-in-out","fill":"both","iterations":1}] SoftBank cuts 2.5% stake in PB Fintech Read more about this here

[{"selector":"#anim-cb440971-9af5-4488-8625-801aa3be52ad","keyframes":[{"transform":"scale(1)","offset":0},{"transform":"scale(1.5)","offset":0.33},{"transform":"scale(0.95)","offset":0.66},{"transform":"scale(1)","offset":1}],"delay":0,"duration":1450,"easing":"ease-in-out","fill":"both","iterations":1}] Click Here For more Business news click on the link below

BUSINESS

SoftBank cuts 2.5% stake in PB Fintech

1

SoftBank sells stake

SoftBank has sold another 2.54% stake in PolicyBazaar's parent company, PB Fintech Ltd., at Rs. 762.8 per share, reducing its holding now to a mere 1.85%.

2

Societe Generale acquires

Financial service firm Societe Generale acquired 0.58%, or 2.6 million shares, of PB Fintech at the same price.

3

December 2022 sale

This comes after SoftBank's December 2022 sale of a 5.1% stake valued at Rs. 1,043 crore in the company at an average price of Rs. 456.4 per share.

4

Stock's performance

PB Fintech has outperformed the Nifty 50 index over the past year, delivering a return of 55% to investors compared to the index's return of 13.4%.

5

Financial results

The firm reported a consolidated net loss of Rs. 11.4 crore for the June quarter, while operational revenues rose by 32% YoY to Rs. 666 crore.

6

Policybazaar's listing

PolicyBazaar, founded in 2008, went public in November 2021, with SoftBank offloading around 20% of its stake for $250 million during the listing.