New Delhi, July 3 -- PB Fintech share price plunged more than 8% on Friday, 3 July, after a block deal worth around Rs.1,741 crore saw 2.37% of the company's equity change hands. The transaction follows reports that Singapore's sovereign wealth fund Temasek Holdings was planning to reduce its stake in the online insurance aggregator.

According to reports, nearly 1.08 crore shares were traded at Rs.1,601 apiece through a block deal, representing a 4.8% discount to Thursday's closing price of Rs.1,682.10. The identities of the buyer and seller were not disclosed on the exchanges.

The deal closely aligns with media reports that Temasek Holdings, through its subsidiary Macritchie Investments Pte Ltd, intended to sell up to 1.19 crore shares...