PB Fintech’s subsidiary, PB Marketing and Consulting Private Limited, has received approval from Sebi to operate as a stockbroker in the National Stock Exchange’s debt segment. The regulator’s nod takes effect from May 8, 2026, enabling the firm to support debt market broking activity on the NSE. The development marks a significant expansion of its licensed business scope.
Tencent has exited PB Fintech completely, selling its entire 1.05% stake for ₹805.4 crore through a block deal. The sale involved offloading 48.4 lakh shares at ₹1,664 each, bought by funds including HDFC Mutual Fund and Morgan Stanley. Tencent’s stake has been steadily falling since 2019, as PB Fintech’s profits and revenue climb despite mixed share performance.
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PB Fintech has reported a 54% year-on-year jump in March-quarter net profit to Rs 261 crore, helped by faster insurance premium growth and improved margins. Revenue rose 36% as lending disbursals and renewal income increased. The firm also expanded its agent network sharply, bolstering distribution across both insurance and credit products.
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