PB Fintech shares slid to a day low of Rs 1,545.50 on Friday, 3 July, after a large block deal hit the market pre-open.

The stock fell sharply right from the opening bell and stayed under pressure through the morning.

The trigger was a block deal in which roughly 1.08 crore shares of the company were sold, working out to about 2.37% of PB Fintech’s total equity.

Here’s what happened in simple terms. A big investor sold a chunk of their holding in one go, rather than through the open market.

Shares changed hands at around Rs 1,601 each, which adds up to a deal worth close to Rs 1,741 crore. Macritchie Investments Pte Ltd, a Singapore based investor, is believed to be the seller.

Citigroup Global Markets India handled the sale as the placement agent. The seller will not be allowed to sell any more shares for the next 60 days.

Before this sale, Macritchie held a 6.47% stake in PB Fintech as of 31 March 2026. This isn’t the first time a large investor has trimmed their holding in the company.

Over the past year, PB Fintech has seen similar block deals from its co-founders and from other institutional investors. On the business side, the company’s numbers have actually been strong.

For the fourth quarter of the last financial year, PB Fintech reported a net profit of Rs 261 crore, up 54% from Rs 170 crore a year earlier. Revenue for the quarter grew 37% year on year to Rs 2,061 crore.

By 12:38 pm on Friday, PB Fintech shares were trading at Rs 1,600.70 on the NSE, down 4.84% from the previous close of Rs 1,682.10.

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