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Temasek Completes Divestment from Policybazaar s Parent Company, PB Fintech

Temasek Completes Divestment from Policybazaar s Parent Company, PB Fintech
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Paytm admits to compliance issues; investors move to oust Raveendran

The leadership of fintech firm Patym on Thursday acknowledged that it may have fallen short on compliance issues, triggering punitive action by the central bank. Neither the central bank nor Paytm founder Vijay Shekhar Sharma disclosed the exact reason for which the bank faced such stringent penal action. This and more in today s ETtech Morning Dispatch.

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PolicyBazaar shares fall as much as 3% after Temasek exit

PolicyBazaar shares fall as much as 3% after Temasek exit
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RBI s major blow to Paytm; IT fresher hiring at record low

The Reserve Bank of India dealt Patym a severe blow, barring the listed fintechs payment bank from offering banking services after February. This and more in todays ETtech Morning Dispatch.

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Temasek Holdings exits PB Fintech; sells entire 5 42% stake for Rs 2,425 crore

Singaporean sovereign wealth fund Temasek Holdings on Thursday sold its entire 5.42 per cent stake in Policybazaar s parent firm PB Fintech for Rs 2,425 crore through open market transactions. Temasek Holdings wholly-owned subsidiary Claymore Investments (Mauritius) Pte Ltd sold the shares of PB Fintech in three tranches on the BSE.

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