New World Fund Sells 2.09% Stake in PB Fintech

New World Fund, Inc. has sold a 2.09% stake in PB Fintech, the parent company of Policybazaar and Paisabazaar, through open-market transactions executed on November 12, 2025, according to disclosures filed under the Securities and Exchange Board of India (SEBI) takeover regulations.

Stake Sale Details

The fund sold 92.14 lakh shares, reducing its ownership in PB Fintech from 5.05% (2.28 crore shares) to 2.96% (1.36 crore shares). The entire transaction was carried out via open-market trades, as per the filing submitted to the stock exchanges.

Following the transaction, shares of PB Fintech were trading 0.8% lower at ₹1,720.80 on the National Stock Exchange (NSE) as of 1:01 p.m. on Friday. Despite the slight decline, the stock remained well above its recent lows, reflecting sustained investor confidence after the company’s recent quarterly results.

PB Fintech’s Strong Q2 FY26 Performance

PB Fintech recently reported robust financial results for the September quarter (Q2 FY26), underscoring its improving operational performance and profitability.

The company’s net profit surged 165% year-on-year to ₹135 crore, compared to ₹51 crore in the same quarter last year.

Revenue from operations rose 38.2% to ₹1,613 crore, driven by strong growth in both insurance and lending segments.

EBITDA turned positive at ₹97.6 crore, reversing a ₹7.8 crore loss from the year-ago period. This marked the company’s continued focus on cost control and monetisation of its customer base.

Key Business Metrics

PB Fintech’s total insurance premium grew 40% year-on-year to ₹7,605 crore, supported by a 44% rise in new online protection business and a 60% jump in health insurance premiums.

Renewal and trail revenue, a key profitability driver that reflects recurring income from existing customers, rose 39% on a 12-month rolling basis to ₹774 crore, strengthening the company’s cash flow visibility.

Market Outlook and Context

PB Fintech, one of India’s largest digital insurance and credit marketplaces, continues to benefit from rising online insurance penetration and increasing adoption of digital financial services.

While institutional stake adjustments such as New World Fund’s sale are common, analysts view PB Fintech’s operational turnaround and sustained revenue growth as indicators of long-term resilience in its core business model.

Read More: PB Fintech Reports 165% Profit Growth in Q2 FY26.

Conclusion

New World Fund’s 2.09% stake sale in PB Fintech reflects portfolio rebalancing, even as the company continues to post strong growth across its key segments. With improving profitability, expanding digital reach, and growing recurring revenue, PB Fintech remains a key player in India’s online financial services ecosystem.

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