Policybazaar’s parent firm PB Fintech Ltd on Tuesday (March 11) said its board has approved an investment of up to ₹696 crore in its wholly owned subsidiary, PB Healthcare Services Private Limited, through the subscription or purchase of equity shares and compulsory convertible preference shares (CCPS) during FY 2025-26.
“An investment for an aggregate amount of up to INR 696,00,00,000 (Indian Rupees Six Hundred Ninety Six Crore only) in PB Healthcare Services Private Limited, its wholly owned subsidiary by way of subscribing or purchasing its Equity Shares or Compulsory Convertible Preference Shares during the financial year 2025-26,” PB Fintech said in a regulatory filing.
The investment, subject to shareholder approval via postal ballot, will be made alongside external investors, including Chairman & CEO Yashish Dahiya, Executive Vice Chairman Alok Bansal, and three Key Managerial Personnel (KMPs).
PB Healthcare, incorporated in January 2025, operates in the healthcare and allied services sector. The investment aims to support the subsidiary’s operational expenses, enhance its brand presence, and fund strategic initiatives.
Following the transaction, PB Fintech will hold up to 33.63% of PB Healthcare’s equity on a fully diluted basis. The acquisition is classified as a related party transaction and will be executed at fair value determined by a Registered Valuer.
In January this year, PB Fintech’s Chairman and Group CEO, Yashish Dahiya, said the company’s health insurance business, which is currently growing four times faster than the industry, is a ‘long-term driver of value for the company’.
Health insurance currently accounts for just over 60% of the company’s net present value (NPV). and slightly more than 30% of the total premium collected.
Shares of PB Fintech Ltd ended at ₹1,462.00, up by ₹36.65, or 2.57%, on the BSE. CNBCTV18