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PB Fintech, a listed insurtech company, has received approval from its board to invest Rs 696 Cr (around $80 million) in its fully owned subsidiary, PB Healthcare Services Pvt Ltd.
The company plans to invest by purchasing PB Healthcare's equity shares at Rs 10 each or compulsorily convertible preference shares at Rs 100 each in the next fiscal year (FY26), according to a stock exchange filing.
However, this investment still needs approval from the company's shareholders.
After the investment, PB Fintech will own a 33.63% stake in PB Healthcare Services.
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The funding will help PB Healthcare cover operating expenses, increase brand visibility, and set up office locations, among other things.
In addition to the Rs 696 Cr investment, PB Fintech's co-founders Yashish Dahiya and Alok Bansal, along with three key managerial staff, will invest up to Rs 132.75 Cr for a 6.61% stake in the healthcare subsidiary.
This brings the total proposed investment in PB Healthcare Services to Rs 828.75 Cr (about $95 million).
The company said the investment will be used to cover operating expenses, boost brand awareness, expand office presence, and support strategic initiatives.
PB Healthcare Services Pvt Ltd. was established in January 2025 to provide healthcare and related services in India.
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