PB Fintech invests up to $83.7m in healthcare subsidiary

PB Fintech Limited (POLICYBZR) announced plans to invest up to INR 696 crore (approximately $83.7 million) in PB Healthcare Services Private Limited, its wholly-owned subsidiary. The investment, approved by the board on March 11, 2025, will be made through equity shares or compulsory convertible preference shares during the financial year 2025-26. This transaction is subject to shareholder approval via postal ballot. Additionally, the postal ballot will include approval of investment by key company personnel in PB Healthcare Services. PB Fintech expects the investment to bolster its subsidiary's financial health, brand awareness, and strategic initiatives within the healthcare sector. Post-investment, PB Fintech will hold up to 33.63% of PB Healthcare Services. The indicative completion timeframe is 90 days from receipt of necessary approvals.