PB Fintech invests INR 10 crore in subsidiary PB Pay
PB Fintech Limited (BSE:POLICYBZR) announced an investment of INR 10,00,00,000 in the equity shares of its wholly-owned subsidiary, PB Pay Private Limited. This investment is part of a previously approved total amount of INR 20,00,00,000. PB Pay, incorporated on April 9, 2024, is an NBFC (Payment Aggregator) currently in the process of obtaining required regulatory approvals from the Reserve Bank of India (RBI). PB Pay has been granted an In-Principle authorization to operate as an Online Payment Aggregator under the Payment and Settlement Systems Act, 2007 vide its letter no. CO.DPSS.AUTH.No. S48/02.27.004/2025-26 dated April 15, 2025. PB Fintech currently holds 100% stake in PB Pay, with an authorised capital of INR 50,00,00,000. Prior to this allotment, PB Pay's paid-up capital was INR 27,00,00,000, which has now increased to INR 37,00,00,000.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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