MacRitchie to sell up to $200 million stake in India's PB Fintech, term sheet shows

MacRitchie Investments plans to sell up to $200 million worth of shares in India’s PB Fintech (PBFI.NS), according to a term sheet reviewed by Reuters on Thursday. The online insurance and lending marketplace behind Policybazaar and Paisabazaar would remain publicly traded as MacRitchie reduces its stake. The filing details were not described beyond the proposed sale size, but the deal signals continued movement among large shareholders in India’s financial-services platforms. Reuters did not provide a timeline for pricing or completion in the portion available. The report places focus on PB Fintech’s ongoing capital markets activity and investor interest in its digital distribution model.