Bengaluru, June 26 -- The shares of the insurance service provider plummeted up to 1 percent in today's trading session after the company's co-founder is likely to offload 5.05 million equity shares via a block deal.

With a market capitalization of Rs 84,340.30 crore, the shares of PB Fintech Ltd were trading at Rs 1,836.45 per share, decreasing around 0.39 percent as compared to the previous closing price of Rs 1,839.75 apiece.

The shares of PB Fintech Ltd have bearish movement after reports emerged that co-founders Yashish Dahiya and Alok Bansal plan to offload 5.05 million shares, or 1.1% equity, via a $106 million block deal. Despite a 90-day lock-in for the sellers, uncertainty remains as the identities of the buyers and sellers ar...