PB Fintech shares drop over 5% as Rs 696 crore investment plan in PB Healthcare Services fails to excite investors

PB Fintech shares drop over 5% as Rs 696 crore investment plan in PB Healthcare Services fails to excite investors

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26 Aug, 2025 12:21

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PB Fintech share price dropped over 5 percent in March 12 trade as the company's Rs 696 crore investment plan in PB Healthcare Services failed to excite the investors.

PB Fintech Ltd., the parent entity of insurance brokerage firm Policybazar, on Tuesday said it proposes to infuse Rs 696 crore in its subsidiary PB Healthcare Services Private Limited in the next financial year to grow its business.

Shares of PB Fintech Ltd dropped 5.49 percent to an intraday low of Rs 1,388.25 per share on the NSE. The stock has fallen after two days of consecutive gain.

The board approved a proposal to make an investment for an aggregate amount of up to Rs 696 crore in PB Healthcare Services Private Limited, its wholly owned subsidiary, by way of subscribing or purchasing its shares or Compulsory Convertible Preference Shares during the financial year 2025-26, PB Fintech Ltd. said in a regulatory filing.

It further said that the capital infusion would be done to meet its general operating expenses and enhance brand awareness, office presence and strategic initiatives.