Softbank's subsidiary, Svf Python II (Cayman), has divested a 2.5% stake in PB Fintech, the parent company of Policybazaar, for Rs 914 crore (approximately $122 million) through open market transactions. The shares were sold to various buyers, including HDFC Mutual Fund, Mirae Asset Mutual Fund, ICICI Prudential Life Insurance, and others. Following the share sale, PB Fintech's shares fell 2.31% to close at Rs 789.45 apiece on the BSE.
