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PB Fintech shares fall 9% on Rs 696-crore investment plan
Business Today
·
4m ago
Medial
PB Fintech Ltd shares dropped over 5% after announcing a Rs 696 crore investment in PB Healthcare Services, failing to impress investors. The share price fell 9% intraday, reflecting skepticism about the investment's strategic benefits, closing 4.52% lower. This cautious investor response suggests a wait-and-see approach for clearer outcomes from the investment. The market's tepid reaction underscores uncertainty about the investment's potential advantages and strategic impact on the company.
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Related News
PolicyBazaar parent to back healthcare push with Rs 696 Cr investment
YourStory
·
4m ago
Medial
PB Fintech, PolicyBazaar's parent company, will invest Rs 696 crore in its healthcare arm, PB Healthcare Services, acquiring up to 33.63% equity. This investment, subject to shareholder approval, will finance equity shares and CCPS in FY 2025-26. PB Healthcare plans to establish 1,000-bed hospitals starting in NCR, later expanding. The initiative focuses on long-term customer value in healthcare, partnering with hospitals and insurers to streamline operations and boost industry growth.
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PB Fintech invests Rs 539 crore in healthcare arm
Economic Times
·
3m ago
Medial
PB Fintech, the parent of Policybazaar and Paisabazaar, invested Rs 539.4 crore in its health subsidiary, PB Healthcare Services, as part of a Rs 1,461.6 crore seed funding round. This investment, involving 5.39 crore Compulsory Convertible Preference Shares, will support the subsidiary's growth and financial strength. The company's stake will reduce from 100% to 32.14% due to external investor participation. The funds will also establish an Employee Stock Option Plan to retain talent.
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PolicyBazaar’s PB Pay receives RBI approval for Payment Aggregation
Entrackr
·
3m ago
Medial
PolicyBazaar’s PB Pay receives RBI approval for Payment Aggregation PB Pay Private Limited, a wholly owned subsidiary of InsurTech firm PB Fintech, has received in-principle approval from the Reserve Bank of India (RBI) to operate as an online payment aggregator under the Payment and Settlement Systems Act, 2007. The approval comes nearly a year after the company submitted its application. The authorisation is subject to compliance with the RBI’s guidelines on the regulation of payment aggregators and payment gateways. Policybazaar focuses on insurance, while Paisabazaar, also under PB Fintech, handles the credit side — personal loans, business loans, credit cards, and credit scores. This move will help the company’s business to support and streamline payment across both insurance and credit verticals and reduce reliance on third-party service providers. Last month, PB Fintech also got the board approval to infuse Rs 696 crore or $80 million to its subsidiary PB Healthcare Services Pvt Ltd to strengthen its new unit’s operations in India’s health care sector. The parent company of Policybazaar and Paisabazaar reported a 48.3% year-on-year revenue growth to Rs 1,292 crore in the third quarter of the last fiscal year (Q3 FY25) from Rs 871 crore in Q3 FY24. During the same period, its net profit nearly doubled to Rs 72 crore from Rs 37 crore in the corresponding quarter of the previous fiscal. PB Fintech is currently trading at Rs 1,625 with a total market capitalization of Rs 74,629 crore (approximately $8.6 billion).
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PB Healthcare to raise Rs 1,461 Cr in seed round; no longer subsidiary of PB Fintech
Entrackr
·
3m ago
Medial
PB Healthcare Services, formerly a wholly-owned subsidiary of PB Fintech Limited, is raising Rs 1,461 crore (approximately $171 million) as part of the first tranche of its seed round. Of the total amount, Rs 539.4 crore has already been infused by PB Fintech Limited, while the remaining capital will be contributed by external investors, according to disclosures filed with the National Stock Exchange (NSE). For context, PB Fintech had earlier passed a resolution to invest up to Rs 696 crore through the purchase of equity shares or preference shares of PB Healthcare Services Private Limited in FY26. As part of the current round, it has already invested Rs 539.4 crore, with the remaining amount yet to be deployed. As per the filings, PB Fintech’s stake in PB Healthcare Services has dropped from 100% to 32.14% following the participation of external investors in the seed round. Previously a wholly-owned subsidiary, PB Healthcare has also created an ESOP pool to attract and retain key talent. The capital infusion is aimed at strengthening the company’s financial position and supporting its growth plans. “The dilution in shareholding is a strategic decision to bring in external investors and create an ESOP pool to attract and retain talent,” the company noted in its filing. Founded in January 2025, PB Healthcare Services set out with an ambitious goal of establishing hospitals with a cumulative capacity of 1,000 beds within its first year. The company plans to launch operations in the National Capital Region (NCR), with a phased expansion into other major metro cities.
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Policybazaar Parent Rolls Out ESOP Prog Worth INR 96.6 Lakh
Inc42
·
1y ago
Medial
PB Fintech, a company whose employee share plan was approved by investors earlier this week, has issued nearly 4.83 million new shares. However, it is uncertain how many employees will benefit from this plan. The company's stock experienced a significant increase, rising by almost 9% on Friday, potentially in response to being added to the MSCI Global Standard Index during its quarterly rebalancing.
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Exclusive: PB Fintech adds new ESOP worth near Rs 2,000 Cr
Entrackr
·
11m ago
Medial
Policybazaar and Paisabazaar’s parent PB Fintech has introduced a new ESOP plan worth Rs 1,931 crore (approximately $233 million) under PB Fintech Limited Employees Stock Option Scheme 2024. The board at PB Fintech has passed a resolution to grant 1,14,00,000 employee stock options to its staff, directors and subsidiaries, its regulatory filing accessed from the National Stock Exchange shows. The employee stock under ESOP plan 2024 will be vested after 4 years from the date of granting. According to Entrackr estimates, the new ESOP plan is worth Rs 1,931 crore or $233 million. The above-passed resolution is subject to shareholders approval. PB Fintech has posted Rs 1,010 crore of revenue during the first quarter of the ongoing fiscal year with a steady profit that stood at Rs 60 crore. The firm also showcased robust financial growth with a 34.4% year-on-year revenue increase to Rs 3,438 crore in FY24. Meanwhile, it also turned profitable with Rs 64 crore in the last fiscal year. The ESOP approval was followed by impressive growth in the share price. The firm touched its 52-week high share price of Rs 1,763 on August 20. The company is currently trading at 1,694 (as of 15.37 today) with a total market capitalization of Rs 77,252 crore ($9.3 billion). Last month, the food tech major Zomato also received a shareholder’s nod for its new ESOP plan worth Rs 3,800 crore or $458 million, tallying its total ESOP pool worth $788 million. Among the public companies, Nykaa and TBO Tek also increased their ESOP pool in 2024.
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SoftBank offloads 2.5% stake in PB Fintech for Rs 871 crore
Economic Times
·
1y ago
Medial
Japanese conglomerate SoftBank has sold a 2.5% stake in PB Fintech, the parent firm of Policybazaar, through open market transactions for Rs 871 crore. The shares were purchased by Tata Mutual Fund, Kotak MF, Societe Generale, and other buyers. This follows SoftBank's divestment of a 5.1% stake in Policybazaar for Rs 1,043 crore in December 2022. PB Fintech operates online insurance platform Policybazaar and credit comparison portal Paisabazaar.
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PB Fintech shares drop over 10% on plans of healthcare foray
Economic Times
·
10m ago
Medial
Shares of PB Fintech saw a sharp decline of over 10% on Thursday following news that the company may enter the healthcare sector. PB Fintech believes that improving the speed and efficiency of the claims process would help increase health insurance uptake. However, the company clarified that no decisions have been made yet. Despite the dip in shares, PB Fintech has shown strong performance, delivering 117% returns in the past year. The company reported a net profit of Rs 60 crore for the quarter ending June 30, 2024, and holds a 93% market share among online aggregators.
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PB Fintech Shares Surge Over 4.4% To Reach All-Time High At INR 1966
Inc42
·
10m ago
Medial
Insurtech company PB Fintech experienced a significant surge of 4.4% in its stock price during intraday trading on September 20. The stock reached new highs on September 18 and 19, reaching INR 1,884.00 and INR 1,901.55 per share, respectively. PB Fintech recently issued 75,760 equity shares to eligible employees as part of its employee stock option plan (ESOP).
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PB Fintech Allots Around 27 Lakh Equity Shares Under ESOP Plan
Inc42
·
8m ago
Medial
PB Fintech has announced that it has received approval to issue 27,85,962 equity shares to eligible employees under its 2021 scheme. This brings the company's issued and paid-up share capital to INR 91,77,91,852, consisting of 45,88,95,926 equity shares with a face value of INR 2 each. In September, PB Fintech had already allotted 75,760 equity shares to eligible employees under the same ESOP Plan.
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