PB Fintech Merger & Restructuring Worth ₹13 Cr
PB Fintech invested Rs.13 Crore in its subsidiary PB Pay to support expansion and meet RBI norms. The transaction is at arm's length and maintains 100% ownership.
- Value
- ₹13.00 Cr
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PB Fintech invested Rs.13 Crore in its subsidiary PB Pay to support expansion and meet RBI norms. The transaction is at arm's length and maintains 100% ownership.
PB Fintech will incorporate a step-down subsidiary in Dubai with a ₹5 Crore investment. The entity will focus on reinsurance brokerage and MGA activities.
PB Fintech's subsidiary will incorporate a new step-down subsidiary in Dubai. The planned investment is approximately AED 1.5 million (₹3.75 Crore) for financial advisory services.
PB Fintech will infuse Rs. 20 Crore into PB Pay Private Limited. This capital supports its expansion as an RBI-authorised online payment aggregator.
PB Fintech will invest ₹20 Crore in PB Pay and incorporate two subsidiaries in the UAE. Total investment for these initiatives is ₹29 Crore.
PB Fintech invested ₹5 Crore in its subsidiary PB Marketing and Consulting Private Limited. This capital infusion supports the subsidiary's net worth requirements for stock broking operations.