India, July 1 -- Financial services firm Morgan Stanley Asia (Singapore) Pte offloaded 99,994 shares of fintech company PB Fintech in a block deal worth INR 18.19 Cr.

As per BSE data, Morgan Stanley sold the shares at INR 1,819 apiece yesterday, a discount of 0.2% from the stock's last closing price of INR 1,823.7 on the BSE on Friday (June 27).

The shares that flooded the market were lapped up by BNP Paribas Financial Markets at the same price for a total consideration of INR 18.19 Cr.

The block deal comes a week after PB Fintech cofounders Yashish Dahiya and Alok Bansal dumped a big chunk of their shareholding in the company via bulk and block deals for INR 619.6 Cr and INR 300.6 Cr, respectively.

The development comes at a time whe...