After Paytm, SoftBank sells half of its stake in PolicyBazaar

After making a slew of disinvestment in the past few months in the new-age listed companies, Japanese conglomerate SoftBank is now planning to sell a 5% stake in policybazaar.

According to reports, SoftBank, which currently holds around a 10% stake in Policybazaar, is looking to sell a 5% share in the company, which would be worth ₹1,000 crore. The Japanese investment firm had invested $199 million in Policybazaar, whereas it offloaded stock worth $250 million in its initial public offering (IPO) last year.

Post the sale, SoftBank will hold a 5% stake in the online insurance aggregator.

such as One97 Communications, the parent of digital payments giant Paytm, Delhivery, and Zomato.

PB Fintech’s shares have fallen over 60% since its listing last year.