PB Fintech said it is shifting focus to secured credit business, which has shown progress with Rs 2,570 crore in disbursals and Rs 24 crore in revenue for Q3FY25.
Data from BSE and NSE confirms that Tiger Global and a fund owned by the US-based investment firm sold shares of PB Fintech on November 11, 2022. Sebi's order against Ketan Parekh and others included screenshots of chats of trading instructions given on November 11 to sell shares of PB Fintech.
As part of the consideration, PB Fintech will subscribe to 50,000 shares at a face value of Rs 10 per share aggregating to Rs 5 lakh, and will retain 100% ownership of the proposed entity.
The shares have risen about 110% in 2024, the most among companies with a minimum $1 billion market value in the 52-member Solactive FinTech Index.
Bima Sugam could be a game changer and ‘UPI moment’ in the insurance sector
The application for the process of incorporation of the proposed wholly-owned subsidiary would be filed and completed subject to approval from the relevant authorities.
Claymore Investments (Mauritius) Pte Ltd exited the company, selling all of its 1.2 crore equity shares in the Policybazaar parent
PB Fintech has done a much better job of turning the corner on profitability, in part because of its business model. Zomato, on the other hand, stuck in a line of business seeing increasing competition, is still bleeding
Shares of PB Fintech rose more than 4 percent on February 22 as CEO Yashish Dahiya reiterated the company's previous expectation of achieving profitability of Rs 1,000 crore by FY26/FY27.
The company's revenue from operations was up 66 percent at Rs 610 crore from Rs 573 crore in the corresponding quarter of the previous financial year.
Our specially curated package of the most interesting articles to help you stay at the top of your game.
Our specially curated package of the most interesting articles to help you stay at the top of your game.
The BJP-ruled Gujarat government granted tax-free status to Akshay Kumar's film "Samrat Prithviraj" on Tuesday according to a statement from the Chief Minister's Office on Twitter.
Japanese conglomerate SoftBank has actively invested over $10 billion in Indian new-age companies, and is set for bumper returns with two of its large portfolio companies Policybazaar & Paytm rolling out their IPO. Nisha Poddar caught up with Munish Varma to gauge the SoftBank’s 2.0 India strategy.
Heady grey market premia are pushing HNIs to borrow larger amounts for applications, to increase the probability of allotment
The Rs 6,017.5-crore IPO will comprise a fresh issue of shares worth Rs 3,750 crore and an offer for sale of Rs 2,267.5 crore.
With more than a dozen insurance, asset management, commercial banking, non-banks, microfinance, housing finance and payment bank players already filing draft documents with the market regulator Sebi for public offerings, the financial services sector is set to dominate the primary issues or initial public offerings (IPOs) over the coming months.
Policy Bazaar CEO Yashish Dahiya also backed the government's decision to screen investments from China.
A look at Masayoshi Son’s investments in Indian startups like Oyo and Ola would show Softbank’s inclination to invest at inflated valuations. It is time startup founders and their financial backers stop bluffing
Money, investment, wealth, these are important facets of personal finance but they become meaningless without one fundamental pillar - your health and a strategy to mitigate financial strain that may arise in case of a health emergency.
In this episode of LIME Season 7, LIME‘s caravan visits Mumbai‘s Jamnalal Bajaj Institute of Management Studies (JBIMS). The case study for JBIMS comes from Policy Bazaar, India‘s leading online comparison website.