Mumbai, July 3 -- Trading volumes surged significantly during the session. On the BSE, 17.68 lakh shares changed hands compared with the three-month average of 2.22 lakh shares. On the NSE, 1.89 crore shares were traded, well above the three-month average of 17.62 lakh shares.

According to media reports, Macritchie Investments, a foreign direct investment (FDI) shareholder in PB Fintech, was looking to sell up to 1.19 crore shares, representing a 2.6% stake in the company, through block deals.

The reports said the floor price for the transaction was fixed at Rs 1,604 per share, a discount of about 4.6% to Thursday's NSE closing price of Rs 1,682.10. The proposed deal size was estimated at around Rs 1,908.80 crore.

MacRitchie Investment...