PB Fintech Ltd., the parent company of insurance brokerage platform Policybazaar, has announced a ₹696 crore investment into its subsidiary PB Healthcare Services Pvt Ltd in the next financial year. The move is aimed at strengthening its healthcare arm, expanding brand presence, and funding strategic initiatives.
The decision was approved during a board meeting held on Tuesday. PB Fintech, which does not have an identifiable promoter group, said the investment aligns with its broader business objectives.
Strategic Expansion in Healthcare
The infusion will be carried out along with external investors, subject to shareholder approval through a postal ballot. The company will hold up to 33.63% stake in PB Healthcare on a fully diluted basis following the investment.
In a regulatory filing, PB Fintech stated that the investment would bolster the subsidiary’s financial health, ensuring the company meets its general operating expenses while enhancing brand awareness, office presence, and strategic initiatives.
“The present investment allows the company to strengthen the financial health of its mentioned wholly-owned subsidiary to meet its general operating expenses and enhancing brand awareness, office presence, and strategic initiatives,” PB Fintech said in a statement.
Regulatory Compliance and Fair Valuation
While the transaction qualifies as a related-party transaction, PB Fintech assured that it would be executed at fair value as determined by a registered valuer. The company also emphasized that all necessary regulatory approvals will be obtained by PB Healthcare Services as required.
The investment is expected to be completed within 90 days from receiving the required approvals.
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Participation from Leadership and External Investors
The capital infusion will not be solely from PB Fintech but will also include participation from Chairman and CEO Yashish Dahiya, Executive Vice Chairman Alok Bansal, three key managerial personnel, and other external investors.
PB Fintech operates Policybazaar and Paisabazaar, two of India’s leading digital financial services platforms. The company has been actively expanding its presence in the healthcare space, aiming to build a stronger foothold in India’s digital healthcare ecosystem.
A Major Step in Healthcare Expansion
With the healthcare sector growing rapidly in India, this investment signals PB Fintech’s commitment to leveraging technology and digital platforms to enhance health insurance, healthcare financing, and consumer health services.
As the company continues to scale its healthcare vertical, the latest investment will provide PB Healthcare Services with the resources needed to navigate India’s evolving digital healthcare landscape.
