India, May 9 -- Chinese tech giant Tencent has sold its entire 1.05% stake in insurtech platform PolicyBazaar's parent entity PB Fintech via a block deal for Rs.805.4 Cr.

As per NSE data, the Chinese company, via its affiliate entity Tencent Cloud Europe BV, offloaded 48.4 Lakh shares at Rs.1,664 apiece to net the aforementioned proceeds from the transaction.

The offloaded shares that flooded the market were lapped up by HDFC Mutual Fund, Morgan Stanley, Societe Generale, Tata AIA Life Insurance Company and Ghisallo Master Fund.

While Morgan Stanley Asia Singapore acquired the biggest chunk of 21.4 Lakh shares at Rs.356.2 Cr, Societe Generale and Ghisallo bought shares worth Rs.179.1 Cr and Rs.131.9 Cr, respectively.

Tencent first inv...