New World Fund Reduces Stake in PB Fintech by 2.10%

1 min read     Updated on 18 Nov 2025, 01:27 PM
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Reviewed by
Jubin VergheseScanX News Team
Overview

New World Fund, Inc. has significantly reduced its shareholding in PB FinTech, the parent company of Policybazaar and Paisabazaar. On November 12, 2025, the fund sold 9,214,138 shares through open market transactions on BSE and NSE. This reduced New World Fund's stake from 5.05% (22,795,194 shares) to 2.96% (13,581,056 shares), a decrease of 2.10%. Despite this sale, PB FinTech's total equity share capital increased from 451,203,464 to 459,307,364.

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*this image is generated using AI for illustrative purposes only.

PB FinTech , the parent company of Policybazaar and Paisabazaar, has seen a significant reduction in shareholding by New World Fund, Inc., according to a recent regulatory filing. The transaction, which took place on November 12, 2025, involved the fund selling 9,214,138 shares of the fintech company through open market transactions.

Shareholding Details

The reduction in stake has altered New World Fund's position in PB FinTech as follows:

Aspect Before Transaction After Transaction Change
Number of Shares 22,795,194 13,581,056 -9,214,138
Shareholding Percentage 5.05% 2.96% -2.10%

This move represents a significant decrease in the fund's investment in the company, reducing its stake by more than 40% of its previous holding.

Transaction Specifics

  • Date of Sale: November 12, 2025
  • Mode of Sale: Open market transactions
  • Stock Exchanges: BSE and National Stock Exchange of India

Impact on PB FinTech's Capital Structure

The transaction has also affected PB FinTech's overall capital structure:

Capital Aspect Before Sale After Sale
Total Equity Share Capital 451,203,464 459,307,364

It's worth noting that despite the sale of shares by New World Fund, PB FinTech's total equity share capital has increased, indicating other capital-related activities during this period.

Market Implications

While the reasons behind New World Fund's decision to reduce its stake are not disclosed in the filing, such significant moves by institutional investors often attract market attention. The reduction in shareholding by a major investor could potentially impact market sentiment towards PB FinTech stock in the short term.

Investors and market analysts will likely be watching closely to see if this move signals any broader trends or changes in institutional investor sentiment towards the fintech sector in India.

PB FinTech, known for its digital insurance and lending platforms, continues to be a significant player in India's growing fintech landscape. The company's performance and future prospects will remain of interest to both retail and institutional investors alike.

Historical Stock Returns for PB FinTech

1 Day5 Days1 Month6 Months1 Year5 Years
-0.79%+0.28%+9.63%+6.31%+4.74%+49.83%
PB FinTech
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New World Fund Reduces Stake in PB Fintech by 2.10%

1 min read     Updated on 14 Nov 2025, 12:10 PM
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Reviewed by
Shriram ShekharScanX News Team
Overview

New World Fund, Inc. has significantly reduced its stake in PB FinTech, the parent company of Policybazaar and Paisabazaar. On November 12, 2025, the fund sold 9.21 million shares in the open market, decreasing its shareholding from 5.05% to 2.96%. This transaction represents a 2.10% reduction in ownership. The sale was executed through Capital Research and Management Company, acting as the investment adviser for New World Fund, Inc., and was reported in compliance with SEBI regulations.

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*this image is generated using AI for illustrative purposes only.

PB FinTech , the parent company of Policybazaar and Paisabazaar, has seen a significant reduction in stake by New World Fund, Inc. through a substantial share sale in the open market. The transaction, which took place on November 12, 2025, saw the fund offload 9.21 million shares, resulting in a decrease in its shareholding from 5.05% to 2.96%.

Transaction Details

The details of the transaction, as disclosed in the regulatory filing, are as follows:

Particulars Before Transaction After Transaction Change
Shares Held 22,795,194 13,581,056 -9,214,138
Shareholding Percentage 5.05% 2.96% -2.10%

Impact on Ownership Structure

This significant reduction in New World Fund's stake represents a notable shift in PB FinTech's ownership structure. The fund, which previously held a substantial position in the company, has now moved below the 3% threshold.

Market Implications

The large-scale sale by an institutional investor like New World Fund may attract attention from market participants and could potentially impact the stock's trading patterns in the short term. However, it's important to note that such transactions by institutional investors are not uncommon and can be part of their portfolio rebalancing strategies.

Company Background

PB FinTech operates in the fintech sector with its flagship brands Policybazaar and Paisabazaar. The company has been at the forefront of India's digital insurance and lending marketplace.

Regulatory Compliance

The transaction was executed through Capital Research and Management Company, acting as the investment adviser for New World Fund, Inc. This sale was reported in compliance with the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, ensuring transparency in the market.

As the fintech sector continues to evolve rapidly in India, movements in ownership of key players like PB FinTech are closely watched by investors and industry observers alike.

Historical Stock Returns for PB FinTech

1 Day5 Days1 Month6 Months1 Year5 Years
-0.79%+0.28%+9.63%+6.31%+4.74%+49.83%
PB FinTech
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