PB Fintech invests Rs 539 crore in healthcare arm

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PB Fintech, the parent company of insurance marketplace Policybazaar and credit marketplace Paisabazaar, has invested Rs 539.4 crore into its health subsidiary, PB Healthcare Services. This marks the first tranche of a larger Rs 1,461.6 crore seed funding round, which also includes participation from external investors.

The initial investment, approved by shareholders via postal ballot, was made through the subscription of 5.39 crore Compulsory Convertible Preference Shares (CCPS) at Rs 100 per share, as disclosed in a stock exchange filing.

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PB Fintech invests Rs 539 crore in healthcare arm


PB Fintech, the parent company of insurance marketplace Policybazaar and credit marketplace Paisabazaar, has invested Rs 539.4 crore into its health subsidiary, PB Healthcare Services. This marks the first tranche of a larger Rs 1,461.6 crore seed funding round, which also includes participation from external investors.

The initial investment, approved by shareholders via postal ballot, was made through the subscription of 5.39 crore Compulsory Convertible Preference Shares (CCPS) at Rs 100 per share, as disclosed in a stock exchange filing.

The…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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