 "Max Ventures divests 3.18% stake in Max Financial Services for ₹1,218 crore, reducing promoter shareholding dramatically amid market fluctuations.")
Max Ventures Investment Holdings, a promoter of Max Financial Services Ltd (MFSL), recently sold a 3.18 percent stake in the company for Rs 1,218 crore through an open Market transaction. This sale involved the disposal of 11 million shares at an average price of Rs 1,107.37 each. Following this transaction, the combined shareholding of the ...
 "In a high-stakes move, Chinese tech giant Tencent unloaded 2.1% of its holdings in PB Fintech, the parent entity of Policybazaar, for a staggering Rs 1,668 crore via open market transactions. This extensive sell-off of 97 lakh shares, executed in 15 tranches, slashed Tencent’s stake from 4.26% to 2.13%. Notable buyers, including SBI Mutual Fund, Societe Generale, and other major financial entities, quickly acquired the shares. Despite the intense trading activity, PB Fintech’s shares dipped 0.71%, closing at Rs 1,724.85 on the BSE. This marks the third significant sale by Tencent in PB Fintech within a span of four months.")
Tencent has made a significant move by selling its 2.1% stake in PB Fintech, the parent company of Policybazaar, for a whopping Rs 1,668 crore. This transaction has seen key players like SBI Mutual Fund and Société Générale picking up shares. Keep reading to find out how this sale impacts the Market dynamics and what ...
Bitcoin’s price is fluctuating as a result of a battle between two major players in the cryptocurrency world, Binance and Coinbase. According to Quant, a leading financial analytics firm, the price of Bitcoin is directly tied to the competition between these two platforms. Stay tuned for more updates on this developing story. Click to Claim ...
