PB Fintech, Founders To Infuse INR 829 Cr In Healthcare Arm

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SUMMARY

PB Fintech has obtained board’s approval to invest INR 696 Cr in PB Healthcare Services

Following the capital infusion, PB Fintech would hold up to 33.63% stake in its healthcare subsidiary

Besides the proposed investment, cofounders and others also plan to infuse up to INR 132.75 Cr in the healthcare arm

Listed insurtech company PB Fintech has received approval from its board to invest INR 696 Cr (around $80 Mn) in its wholly owned subsidiary PB Healthcare Services Pvt Ltd.

The PolicyBazaar parent will infuse the…



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PB Fintech, Founders To Infuse INR 829 Cr In Healthcare Arm


SUMMARY

PB Fintech has obtained board’s approval to invest INR 696 Cr in PB Healthcare Services

Following the capital infusion, PB Fintech would hold up to 33.63% stake in its healthcare subsidiary

Besides the proposed investment, cofounders and others also plan to infuse up to INR 132.75 Cr in the healthcare arm

Listed insurtech company PB Fintech has received approval from its board to invest INR 696 Cr (around $80 Mn) in its wholly owned subsidiary PB Healthcare Services Pvt Ltd.

The PolicyBazaar parent will infuse 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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