HDFC Mutual Fund buys 25 lakh shares of PB Fintech in bulk deal

Reports coming in for today mention that HDFC Mutual Fund bought 25,00,000 shares of PB Fintech Limited (POLICYBZR) in a bulk deal on the NSE on September 24, 2026. The shares were bought at a weighted average price of Rs 1,282.30 apiece. The deal is valued at approximately Rs 320.6 crore.

The stock declined after IRDAI released a consultation paper proposing changes to insurance distribution commissions, expenses of management and sales practices. On a management call held after the crash, PB Fintech stated it does not plan mass layoffs or drastic cost cuts, but will moderate hiring and marketing spending to protect profitability as it adjusts to the proposed framework. Management anticipates FY28 to be a volatile transition year, with earnings recovery targeted for FY29.