Temasek Holdings subsidiary Claymore Investments sells a total of 2,44,30,015 shares of PB Fintech, representing a 5.42% stake, at an average price of ₹992.8 apiece.
According to BSE block deals data, Claymore Investments (Mauritius), a Temasek entity, sold 2.44 crore shares of PB Fintech at Rs 992.8 per share, valuing the transaction at Rs 2,425 crores.
Yashish Dahiya of PB Fintech, discusses the contribution margin and EBITDA margin of the business. He highlights the significance of renewals and the higher margin they bring compared to fresh business. Dahiya also mentions the impact of ESOPs and the company s strategic focus on expanding services and controlling more of the value chain. He mentions investments in Visit Health and the company s plans for account aggregation, payment aggregation, and reinsurance brokerage.
In a big blow for the Vijay Shekhar Sharma founded fintech, the Reserve Bank of India has barred Paytm Payments Bank from offering all banking services after February 29. This and more in todays ETtech Top 5.