PB Fintech | Business Upturn

PB Fintech shares in focus as DFS secretary flags concerns on insurance commissions, says IRDAI draft norms expected soon

Markets Desk — Mon, 20 Apr 2026 06:14:40 +0000

Shares of PB Fintech Ltd, the parent of Policybazaar, are likely to remain in focus after fresh concerns emerged around insurance commissions, a key revenue driver for online insurance distribution platforms.

According to comments reported by ET Now, the DFS Secretary flagged that higher insurance commissions remain a concern for the government, adding that the Insurance Regulatory and Development Authority of India (IRDAI) is expected to soon come out with a draft notification on the matter.

The development has once again brought regulatory uncertainty back into focus for insurance intermediaries such as PB Fintech, whose business model is significantly dependent on commissions earned from insurers for policy sales.

Historically, the stock has shown sensitivity to any regulatory chatter around commissions. In previous instances, concerns around caps on commissions and changes in distribution payouts have led to sharp corrections in PB Fintech shares, as investors factored in potential pressure on margins and growth visibility.

Adding to the narrative, management commentary from insurers also suggests that discussions with the regulator are ongoing. During its Q4 earnings call, ICICI Prudential Life Insurance Company noted that IRDAI has sought data on commissions, which has already been submitted, though there has been no further update so far. This indicates that regulatory deliberations are still in progress.

Market participants typically view any move to regulate or cap commissions as a key risk for digital insurance platforms, given their reliance on distribution income. A tighter framework could potentially impact profitability metrics and alter the competitive landscape within the sector.

Meanwhile, shares of PB Fintech were trading at ₹1,612.90, up 0.77% as of 11:40 AM today.

Top stocks for trade today, April 8: Aurobindo Pharma, Lupin, Angel One, Infosys, PB Fintech and more

Aman Shukla — Wed, 08 Apr 2026 03:08:24 +0000

Indian equity markets are expected to react to a mix of company-specific developments and global cues, particularly easing crude oil prices following a temporary ceasefire in West Asia. Here’s a clear, fact-based breakdown of the key stocks and sectors to watch today.

Pharma Stocks in Focus

Pharmaceutical companies remain active due to fresh regulatory approvals in the United States.

Aurobindo Pharma
The company has received final approval from the US FDA for a combination drug of Dapagliflozin and Metformin, targeting a market size of approximately $514 million. This strengthens its presence in the diabetes segment.

Lupin
Lupin has also secured US FDA approval for Dapagliflozin tablets in the US market, adding to its portfolio of chronic therapy drugs.

Biocon
Biocon has launched Denosumab biosimilars in the United States, entering a market estimated at $5 billion. This move expands its biologics footprint globally.

Financial & Fintech Developments

Angel One
Angel One reported a 7.4% month-on-month increase in average daily orders for March, while its Q4 client base grew 20.5% year-on-year, indicating continued retail participation.

PB Fintech
The IRDAI has approved the appointment of Sajja Praveen Chowdary as CEO of its subsidiary Policybazaar, marking a key leadership update.

Hospitality & Real Estate Updates

Indian Hotels Company
The company has expanded its portfolio to 628 hotels and currently maintains a pipeline of 255 properties, reflecting ongoing expansion.

Lemon Tree Hotels
The Competition Commission of India has approved its acquisition of shares in Fleur Hotels along with internal restructuring.

Oberoi Realty
Bookings have crossed ₹1,600 crore at its Gurugram project, with 97% of units already sold.

Arvind SmartSpaces
The company has signed a high-rise residential project in Mumbai with a top-line potential of ₹2,400 crore.

Prestige Estates Projects
Pre-sales for FY26 have increased 76%, with the company expressing confidence in sustaining momentum.

Consumption & Retail Signals

Titan Company
The jewellery segment reported 46% year-on-year revenue growth in Q4, supported by steady buyer growth in the high-single-digit range.

Jubilant FoodWorks
Operations have returned to normal levels following improved energy supply availability.

Phoenix Mills
Consumption across malls rose 31% year-on-year in Q4, while FY26 portfolio consumption increased 21%.

Energy, Oil & Macro-Driven Sectors

A key macro trigger is the decline in crude oil prices, with Brent falling 13% amid a two-week ceasefire in West Asia.

GAIL
The company has signed a long-term charter agreement for a Greek LNG carrier, supporting its gas transportation operations.

Sectoral Impact

Oil price correction could influence multiple sectors:

OMCs & CGDs: Lower crude prices may improve margins.
FMCG: Input cost pressures could ease.
Airlines: Reduced aviation fuel costs may support profitability.
Fertilizers & Chemicals: Stability in the Hormuz Strait remains critical for supply chains.
Capital Goods & EPC: Geopolitical stability may support project execution sentiment.

IT Sector Update

Infosys
Infosys has partnered with Harness to enhance AI-led enterprise transformation capabilities, indicating continued focus on digital and AI-driven services.

Policybazaar appoints Sajja Praveen Chowdary as CEO, succeeding Tarun Mathur

Arunika Jain — Tue, 07 Apr 2026 18:10:08 +0000

Policybazaar Insurance Brokers Private Limited, a wholly owned subsidiary of PB Fintech, has announced a significant change in its leadership. The Insurance Regulatory and Development Authority of India (IRDAI) has approved the appointment of Mr. Sajja Praveen Chowdary as the Principal Officer and Chief Executive Officer (CEO) of Policybazaar, effective from 7th April 2026. In addition to his role as CEO, Mr. Chowdary will also serve as the Whole Time Director of Policybazaar.

Mr. Chowdary joined the PB Fintech Group in 2011 and has been instrumental in leading various verticals within the company. He currently heads “Policybazaar for Business,” the Corporate/SME Insurance & Reinsurance arm of Policybazaar, which is experiencing rapid growth under his leadership. The division is establishing itself as a one-stop destination for business insurance products across India and is fostering a risk advisory culture to empower corporate India with suitable insurance solutions.

Mr. Chowdary’s prior contributions include scaling the retail businesses of Policybazaar, particularly in motor and term life insurance, by introducing innovative solutions such as Self Video Inspection and Zero cost Term insurance. With over 17 years of experience in business management, product and technology management, business development, and project management in the e-commerce sector, Mr. Chowdary holds a post-graduate degree in Marketing from IMT, Ghaziabad, and a B.Tech in Electronics and Communications from Acharya Nagarjuna University.

The appointment of Mr. Chowdary follows the resignation of Mr. Tarun Mathur from the position of CEO and Principal Officer of Policybazaar, effective at the close of business hours on 7th April 2026. Mr. Mathur’s resignation was due to personal commitments.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

PB Fintech invests ₹313.84 million in Genesis Group

Kinjal — Tue, 31 Mar 2026 11:41:42 +0000

PB Fintech Limited, through its wholly-owned subsidiary Icall Support Services Private Limited, has invested AED 1,20,06,140 (approximately ₹313.84 million) in Genesis Group Limited. This investment aligns with the company’s strategic objective to expand its presence outside India, specifically in the UAE market.

Genesis Group Limited is the holding company of Policybazaar Middle East Insurance Brokers LLC, a licensed insurance broker operating in Dubai, UAE. The company offers both life and general insurance policies to customers in the region. The authorised and paid-up capital of Genesis Group Limited is AED 3,000,000, divided into 3,000 fully paid shares.

The investment by Icall in Genesis Group Limited involves the acquisition of 15 shares at AED 800,409.35 per share. This transaction is classified as a related party transaction and has been conducted on an arm’s length basis.

The acquisition is expected to enhance PB Fintech‘s offerings of UAE products to UAE-based customers, further solidifying its market position in the Middle East. The transaction was completed by the end of March 2026, as per the stipulated timeline.

Genesis Group Limited, along with Policybazaar Middle East, has reported a consolidated turnover of AED 10,93,82,805 as of 31 December 2025. The company has shown substantial growth over the past three years, with turnovers of AED 6,05,55,032 in 2024 and AED 6,02,173 in 2023.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

PB Fintech subsidiary Paisabazaar receives order under Benami Property Transactions Act

Kinjal — Fri, 27 Mar 2026 03:55:51 +0000

Paisabazaar Marketing and Consulting Private Limited, a wholly owned subsidiary of PB Fintech, has received an order under section 26(3) of the Prohibition of Benami Property Transactions Act, 1988. The order was issued by the Office of the Adjudicating Authority, Prohibition of Benami Property Transactions Act, New Delhi, dated March 24, 2026, and was received on March 26, 2026.

The order confirms the decision made by the Initiating Officer under section 24(4) of the PBPT Act on February 27, 2025, regarding certain vendors of Paisabazaar. The vendors were alleged to have Paisabazaar as the beneficial owner in their transactions. This order is appealable, and Paisabazaar intends to file an appeal in due course.

At present, there is no financial impact on PB Fintech as the order is subject to appeal. The company has stated that it will pursue legal recourse against the order.

The full disclosure of this event will be available on PB Fintech’s website at www.pbfintech.in.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

PB Fintech shares under pressure today after Tencent Cloud likely sells shares worth Rs 695 crore via block deal, stock down 20% YTD

Markets Desk — Fri, 06 Mar 2026 04:01:04 +0000

Shares of PB Fintech were in focus on March 6 and opened lower after a large block deal took place on the exchanges, involving shares worth nearly ₹695 crore. Data from the block deal window showed that around 48.40 lakh shares, representing roughly 1.04% equity, changed hands in the transaction.

Media reports suggested that Tencent Cloud is likely the seller in the block deal, with the transaction reportedly executed by Goldman Sachs. Tencent currently holds around 2.09% stake in PB Fintech, the parent company of Policybazaar and Paisabazaar.

Following the transaction, the stock was trading around ₹1,444.90, down about 1.89%, compared with the previous close of ₹1,472.80. The share had opened at ₹1,466.20 during the session and slipped to an intraday low of ₹1,442.

The stock has been under pressure in recent months amid regulatory developments affecting the insurance distribution ecosystem. Reports earlier indicated that health and general insurers have reduced commissions paid to online distributors by around 18%, which could impact revenue visibility for platforms such as Policybazaar that rely on commissions from insurers.

PB Fintech had also seen volatility recently after announcing plans to raise funds through a Qualified Institutional Placement (QIP) to support expansion and potential acquisitions. However, the company cancelled the QIP proposal following backlash from shareholders, which raised concerns around potential equity dilution.

The combination of regulatory overhang on commissions and uncertainty around capital-raising plans has weighed on investor sentiment, with the stock declining more than 20% so far this year.

PB Fintech operates digital insurance marketplace Policybazaar and credit marketplace Paisabazaar, and remains one of the key listed companies in India’s online financial services ecosystem.

PB Fintech cancels board meeting scheduled to discuss QIP

Aman Shukla — Thu, 05 Feb 2026 07:50:41 +0000

PB Fintech has informed stock exchanges that its Board meeting scheduled for today, February 05, 2026, to deliberate on a potential Qualified Institutions Placement (QIP) has been cancelled.

In a regulatory filing made under Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company stated that the cancellation follows its earlier intimation dated February 02, 2026. The proposed Board meeting was expected to consider fundraising options through a QIP route; however, no further details were provided on the reasons behind the cancellation.

The disclosure clarified that, as of now, there will be no discussion on the proposed QIP at the Board level on the scheduled date. The company did not announce any revised timeline for reconsidering the fundraising proposal.

PB Fintech, the parent company of digital insurance platforms Policybazaar and Paisabazaar, is required to keep investors informed of material developments that could impact its capital structure or future plans. The latest update suggests that the company may reassess its capital-raising strategy at a later stage.

Top stocks to watch today, Feb 3: Bajaj Housing Finance, City Union Bank, PB Fintech, Infosys, Tata Power and more

Aman Shukla — Tue, 03 Feb 2026 02:57:51 +0000

Indian equity markets are expected to track stock-specific developments on February 3, with several companies reporting year-on-year (YoY) changes in earnings, business updates, and corporate actions.

Stocks to watch today

Aditya Birla Lifestyle Brands: Net profit ₹69.01 cr vs ₹60.31 cr YoY; revenue ₹2,343.17 cr vs ₹2,138.40 cr.
City Union Bank: Net profit ₹332 cr vs ₹286 cr; NII ₹752 cr vs ₹587.7 cr.
Bajaj Housing Finance: Net profit ₹664.8 cr vs ₹548.02 cr; NII ₹964 cr vs ₹806 cr.
PB Fintech: Net profit ₹189.38 cr vs ₹71.50 cr; revenue ₹1,771.15 cr vs ₹1,291.62 cr.
Manali Petrochemicals: Net profit ₹68.43 cr vs ₹5.27 cr; revenue ₹247.02 cr vs ₹196.12 cr.
Modison Limited: Net profit ₹20.06 cr vs ₹5.81 cr; revenue ₹143.71 cr vs ₹121.21 cr.
Awfis Space Solutions: Net profit ₹21.66 cr vs ₹15.18 cr; revenue ₹381.78 cr vs ₹317.72 cr.
PG Electroplast: Net profit ₹63.9 cr vs ₹39.5 cr; revenue ₹1,412 cr vs ₹968 cr.
Chalet Hotels: Net profit ₹124.1 cr vs ₹96.5 cr; revenue ₹581 cr vs ₹458 cr.
Aarti Industries: Net profit ₹133 cr vs ₹46 cr; revenue ₹2,319 cr vs ₹1,843 cr.
eMudhra: Net profit ₹28 cr vs ₹21 cr; revenue ₹190 cr vs ₹140 cr.
Dhampur Sugar Mills: Net profit ₹26.5 cr vs ₹15.0 cr; revenue ₹670 cr vs ₹590 cr.
Patel Retail: Net profit ₹12.0 cr vs ₹6.1 cr; revenue ₹300 cr vs ₹230 cr.
Transrail Lighting: Net profit ₹110.0 cr vs ₹97.6 cr; revenue ₹1,777 cr vs ₹1,340 cr.
Thermax: Net profit ₹204 cr vs ₹116 cr; revenue ₹2,635 cr vs ₹2,520 cr.
Ventive Hospitality: Net profit ₹117 cr vs ₹22 cr; revenue ₹685 cr vs ₹534 cr.
Infosys: Renewed and expanded multi-year digital innovation partnership with Madison Square Garden group.
IMFA: Acquired Tata Steel plant; capacity expansion by 88%.
Sunteck Realty: Acquired 1.75-acre land parcel in Andheri, Mumbai; ~6 lakh sq ft development potential.
ACME Solar: Commissioned 16 MW wind capacity out of 100 MW project.
Tata Power: Commissioned 198 MW wind project in Tamil Nadu.
Power Grid Corporation: Arm commissioned 4.5 GW transmission scheme.
NTPC Green Energy: Signed MoU with Assago Industries for green ammonia and related utilities.
BLS International: Acquired 95% stake in MVA International.
Interarch Building Products: Approved Phase-2 commencement at Andhra plant; 24,000 MT capacity addition.
Clean Science and Technology: Amansa Holding bought 11.8 lakh shares at ₹791.84 per share.
India Home Finance: Lloyds Enterprises bought 75 lakh shares at ₹13.3 per share.
Thomas Cook India: Signed MoU with Government of Tamil Nadu to promote tourism.
Olectra Greentech: Net profit ₹46.40 cr vs ₹46.33 cr; revenue ₹663.60 cr vs ₹515.37 cr.
RailTel Corporation: Net profit ₹62.40 cr vs ₹65.05 cr; revenue ₹913.45 cr vs ₹767.62 cr.
Kajaria Ceramics: Net profit ₹86 cr vs ₹85 cr; revenue ₹1,168 cr vs ₹1,156 cr.
Ather Energy: Net loss ₹84.6 cr vs ₹197.8 cr; revenue ₹953.60 cr vs ₹634.90 cr.
Maruti Suzuki: January 2026 production at 2.26 lakh units vs 2.06 lakh units YoY.
Unichem Laboratories: USFDA inspection at Kolhapur facility closed with five observations.
Tata Chemicals: Net loss ₹93 cr vs ₹53 cr; revenue ₹3,550 cr vs ₹3,590 cr.
Indus Towers: Net profit ₹1,780 cr vs ₹4,000 cr; revenue ₹8,150 cr vs ₹7,547 cr.
Utkarsh Small Finance Bank: Net loss ₹375 cr vs ₹168 cr; NII ₹348 cr vs ₹480 cr.

Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.

Top Q3 results today, Feb 2: Hyundai Motor India, Indus Towers, PB Fintech, Bajaj Housing Finance and more to announce earnings

Aman Shukla — Mon, 02 Feb 2026 03:00:29 +0000

Following the presentation of the Union Budget 2026-27 by Finance Minister Nirmala Sitharaman, investor focus is shifting back to corporate earnings. Several listed companies are scheduled to announce their financial results for the third quarter of FY26, covering the period ended December 2025, on Monday, February 2, 2026.

The upcoming results span a wide range of sectors including automobiles, banking, financial services, chemicals, infrastructure, hospitality, healthcare, manufacturing, technology, and consumer goods. These announcements are expected to provide insights into sector-specific trends and company-level performance during the December quarter.

Companies set to declare Q3 FY26 results on February 2 include Hyundai Motor India, Indus Towers, PB Fintech, Bajaj Housing Finance, Sundaram Finance, UPL, Thermax, Honeywell Automation, Ather Energy, City Union Bank, Tata Chemicals, Chalet Hotels, Ventive Hospitality, PG Electroplast, Paradeep Phosphates, Aarti Industries, Aditya Birla Lifestyle Brands, Akzo Nobel India, Shriram Pistons & Rings, Railtel Corporation of India, Corona Remedies, Olectra Greentech, Mahindra Lifespace Developers, Campus Activewear, Transrail Lighting, eMudhra, Artemis Medicare Services, WPIL, Interarch Building Solutions, MPS, Awfis Space Solutions, Indiabulls, Veedol Corporation, Utkarsh Small Finance Bank, Saksoft, Silver Touch Technologies, SMC Global Securities, Vidhi Specialty Food Ingredients, Manaksia Coated Metals & Industries, Bharat Wire Ropes, GPT Healthcare, Manali Petrochemicals, Sejal Glass, Bhageria Industries, Shree Rama Multi Tech, Dhampur Sugar Mills, Fabtech Technologies, Axtel Industries, Patel Retail, Iris Clothings, Urja Global, Modison, Sinclairs Hotels, Geekay Wires, Indian Toners and Developers, Regency Fincorp, Syschem India, Music Broadcast, National Plastic Technologies, Bartronics India, Alstone Textiles, Hindcon Chemicals, KIC Metaliks, Jet Freight Logistics, Bodhtree Consulting, Rajkamal Synthetics, Lead Financial Services, Amraworld Agrico, Clio Infotech, Golkonda Aluminium Extrusions, Amerise Biosciences, and Galada Power and Telecommunications.

PB Fintech shares jump over 4% as Q2 net profit surges 165% YoY to Rs 135 crore

Aman Shukla — Thu, 30 Oct 2025 04:01:54 +0000

PB Fintech Ltd, the parent company of Policybazaar and Paisabazaar, saw its shares rise over 4% in early trade on Thursday after the company posted strong Q2 FY26 results, marked by robust growth in its insurance segment and improved profitability. As of 9:30 AM, the shares were trading 4.43% higher at Rs 1,799.80.

The company reported a 165% year-on-year (YoY) jump in consolidated net profit to ₹135 crore for the July–September quarter, compared with ₹51 crore in the same period last year. Revenue from operations grew 38.2% YoY to ₹1,613 crore, up from ₹1,167 crore a year ago.

EBITDA came in at ₹97.6 crore, turning around from a loss of ₹7.8 crore in the corresponding quarter last year, reflecting operational efficiency gains and better cost management.

PB Fintech said total insurance premium surged 40% YoY to ₹7,605 crore, led by a 44% rise in new online protection business and a 60% increase in health insurance premiums. The company’s renewal and trail revenue — a key driver of recurring income — grew 39% YoY to ₹774 crore on a 12-month rolling basis.

While the core insurance business revenue rose 36% YoY, the credit business saw a 22% decline, though it showed a 4% sequential recovery, signaling early signs of stabilization.

PB Fintech shares jump 2% as DFS Secretary reportedly assures no action against bancassurance channel

Aman Shukla — Mon, 28 Apr 2025 09:43:29 +0000

Shares of PB Fintech jumped over 2% during Monday’s trading session following positive commentary from the Department of Financial Services (DFS). According to CNBCTV18, the DFS Secretary assured the life insurance industry that there would be “no action” taken against the bancassurance distribution channel.

PB Fintech’s stock showed significant movement, opening at ₹1,600.00, reaching a high of ₹1,633.40, and dipping to a low of ₹1,587.60. The stock has seen a wide 52-week range, with the highest point at ₹2,246.90 and the lowest at ₹1,159.05.

Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.

PB Fintech invests Rs 539 crore in PB Healthcare; stake to reduce to 32.14% after external funding round

Aditya Bhagchandani — Thu, 24 Apr 2025 13:49:49 +0000

PB Fintech Limited, the parent company of Policybazaar, has announced a ₹539.40 crore investment in its wholly-owned subsidiary PB Healthcare Services Private Limited, as part of the first tranche of a seed funding round. The funding aligns with the company’s earlier shareholder approval of up to ₹696 crore, secured through a postal ballot on April 15, 2025.

The seed round totals ₹1,461.60 crore, with participation from PB Fintech and external investors. As a result of the fresh capital infusion and the creation of an Employee Stock Option Plan (ESOP) pool, PB Fintech’s stake in PB Healthcare will reduce from 100% to 32.14% on a fully diluted basis.

PB Healthcare, incorporated on January 1, 2025, operates in the healthcare and allied services sector. The investment aims to strengthen the subsidiary’s financial foundation and support future growth.

The funding was executed through the allotment of 5,39,40,000 Compulsory Convertible Preference Shares (CCPS) at ₹100 per share. The transaction is classified as a related-party deal but was conducted at fair market value, as determined by a registered valuer.

PB Fintech stated that the dilution is a strategic step to bring in long-term investors and build a robust team via ESOPs.

PB Fintech’s subsidiary PB Pay receives RBI’s in-principle nod to operate as Online Payment Aggregator

Aditya Bhagchandani — Tue, 15 Apr 2025 17:32:18 +0000

PB Fintech Limited, the parent company of Policybazaar, announced on April 15, 2025, that its wholly owned subsidiary PB Pay Private Limited has secured an in-principle authorisation from the Reserve Bank of India (RBI) to operate as an Online Payment Aggregator.

The approval was granted under the Payment and Settlement Systems Act, 2007, as per the RBI’s letter dated April 15, 2025. PB Fintech had earlier informed exchanges in March and April 2024 about the establishment of PB Pay for this very purpose.

This in-principle approval, however, is conditional on PB Pay’s adherence to the RBI’s guidelines on Payment Aggregators and Payment Gateways, initially issued on March 17, 2020, and updated with clarifications on March 31, 2021.

With this regulatory green light, PB Fintech is set to further strengthen its presence in the digital payments ecosystem, complementing its core insurance and financial services business through enhanced transaction capabilities.

PB Fintech shares surge 5% after Kotak Institutional Equities upgrades to ‘Add’ with target price of Rs 1,525

Aman Shukla — Tue, 18 Mar 2025 06:52:30 +0000

PB Fintech shares jumped 5% on Tuesday after Kotak Institutional Equities upgraded the stock to ‘Add’ from ‘Reduce’, setting a target price of ₹1,525 per share. The brokerage remains confident in PB Fintech’s ability to outpace industry growth by 1.8-2.0X, driven by improving leverage and strong profitability.

The company reported 63% premium growth in its digital business during 1HFY25 and 43% in 3QFY25, showcasing robust performance. Kotak emphasized that PB Fintech enjoys a dominant position in India’s insurance sector, requiring minimal insurer support compared to agencies or bancassurance. Its flagship brand, Policybazaar, has built unparalleled mindshare by blending pull and nudge strategies to sell need-based insurance products.

Despite a 36% stock correction in CY2025 YTD, likely due to concerns over insurance sector growth and profitability improvements, analysts remain bullish on the company’s long-term potential. Given its indispensable franchise and superior commission structure, PB Fintech is well-positioned for continued market leadership.

PB Fintech shares opened at ₹1,371.05, hitting a high of ₹1,434.45 and a low of ₹1,371.00 in today’s session. The stock remains significantly below its 52-week high of ₹2,246.90 but above its 52-week low of ₹1,090.

Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.

PB Fintech shares drop nearly 5% today, down 10% in two days as Rs 696 crore healthcare investment fails to cheer investors

Aditya Bhagchandani — Thu, 13 Mar 2025 06:09:29 +0000

Shares of PB Fintech declined 4.9% on Wednesday, extending their two-day loss to nearly 10% following the company’s announcement of a ₹696 crore investment in its healthcare arm, PB Healthcare Services.

Despite the substantial investment, the market reaction remained muted, indicating investor skepticism regarding the potential benefits of this strategic move. The sharp drop in share price suggests that investors were unimpressed with the scale and impact of the investment, raising concerns about its long-term value proposition.

The announcement, made on March 12, 2025, failed to generate excitement in the market, leading to a sell-off in PB Fintech shares. Analysts believe that investors may be waiting for more clarity on execution and returns before reassessing their stance on the stock.

As the stock continues its downward trend on March 13, market participants are closely monitoring further developments regarding the company’s healthcare expansion and its impact on financial performance.

Disclaimer:

The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. The author or Business Upturn is not liable for any losses arising from the use of this information.

PB Fintech shares rise 3% as HSBC maintains ‘Buy’ with Target Price of Rs 2,530 per share

Aditya Bhagchandani — Fri, 31 Jan 2025 04:55:45 +0000

Shares of PB Fintech Ltd rose 3% on January 31, trading at ₹1,703.75, up ₹47.65 from the previous close of ₹1,656.10. The stock saw a day range between ₹1,595.10 and ₹1,708.70, with a market capitalization of ₹778.73 billion. The surge followed mixed but largely optimistic views from key brokerages, reflecting the company’s robust Q3 results.

Brokerage Views:

Morgan Stanley (MS):
- Call: Underweight
- Target Price: ₹1,400/sh
- Comments: Adjusted EBITDA was in line for Q3. MS has cut its FY25 forecast and expects consensus estimates to follow suit, citing slower savings growth affecting core new premium growth. Steep valuation led to the underweight stance.
HSBC:
- Call: Buy
- Target Price: ₹2,530/sh
- Comments: The company reported robust premium growth and EBITDA margin expansion in Q3, with its core operating performance meeting expectations. HSBC maintains a healthy medium-term outlook, forecasting FY25-28 CAGR of 27% in revenue, 18% EBITDA margin, and 17% profit margin by FY28.

The mixed brokerage recommendations highlight PB Fintech’s short-term challenges in premium growth but a promising long-term outlook due to strong operating efficiency and profitability projections.

PB Fintech Q3FY25 results: Revenue rises 48% YoY to Rs 1,292 crore, net profit up 92% to Rs 72 crore

Matrika Shukla — Thu, 30 Jan 2025 12:29:21 +0000

PB Fintech Limited, the parent company of Policybazaar and Paisabazaar, has reported a robust financial performance for the third quarter of FY25, driven by significant growth in its insurance and credit businesses.

The company’s operating revenue surged 48% year-over-year (YoY) to ₹1,292 crore, while profit after tax (PAT) jumped 92% YoY to ₹72 crore. The online insurance segment remained the key growth driver, witnessing a 44% YoY increase in new premiums, led by strong demand for health and life insurance.

Key Financial Highlights (Q3 FY25 YoY):

Insurance Premium: ₹6,135 crore, up 44% YoY
- New Core Online Insurance Premium: +44%
- New Health & Life Insurance Premium: +47%
Operating Revenue: ₹1,292 crore, up 48%
Credit Revenue: Declined 18% YoY, impacted by industry-wide slowdown
PAT: ₹72 crore, up 92%

Core insurance revenue grew 45% YoY, driven by health insurance outpacing other segments. The renewal/trail revenue reached an annualized run rate (ARR) of ₹665 crore, marking a 46% increase from ₹454 crore in Q3 FY24.

Customer satisfaction (CSAT) for insurance services improved to 90.2%, up from 90% last quarter. Over 70% of disbursals on the Paisabazaar platform were to existing customers, highlighting strong consumer trust and repeat transactions.

The core credit business remains adjusted EBITDA positive since December 2022. The secured credit segment, launched in Q2 FY25, showed strong traction with ₹2,570 crore in disbursals and ₹24 crore in revenue this quarter. Total credit disbursal ARR now stands at ₹21,700 crore, with 5 lakh credit cards issued.

Revenue from new initiatives surged 87% YoY, with adjusted EBITDA margin improving from -13% to -7%. PB Partners, the company’s agent aggregator platform, continues to scale rapidly, with 270,000 advisors covering 99% of India’s pin codes.

The UAE insurance premium business grew 58% YoY, aligning more towards health and life insurance, mirroring growth trends in India.

PB Fintech remains confident in the sustained growth of its health and life insurance businesses, supported by continued investments in operational capacity and brand awareness campaigns. The company’s focus on long-term profitability and customer retention positions it strongly in the evolving insurance and credit landscape.

With robust revenue momentum and profitability improvements, PB Fintech is set to strengthen its market leadership in India’s rapidly expanding digital financial services sector.

PB Fintech shares surge over 5% as Citi reaffirms ‘buy’ rating with target price of Rs 2000, suggesting 24% upside

Aditya Bhagchandani — Thu, 23 Jan 2025 08:16:26 +0000

Shares of PB Fintech Ltd., the parent company of Policybazaar, climbed over 5% on Tuesday, January 23, following a positive outlook from Citi. The brokerage firm placed the stock on a 90-day positive catalyst watch, reaffirming its “buy” rating with a price target of ₹2,000. This target suggests a 24% upside potential from the previous close of ₹1,610.70.

Key Drivers of Growth

Citi’s Confidence: The brokerage expressed confidence in PB Fintech’s ability to sustain new business growth in retail protection, retail health, and savings segments, enhancing medium- to long-term revenue visibility.
Hybrid Strategy Success: PB Fintech’s effective execution of its “phy-gital” strategy, combining physical and digital approaches, has boosted its ability to scale its high-ticket retail health and life savings businesses.
Financial Targets: The management has reiterated its FY27 net profit target of ₹1,000 crore. Additionally, the company is considering a $100 million investment in its new venture, which could further cushion investor sentiment.

Market Context

PB Fintech shares have seen a 30% correction from their peak of ₹2,246.90. Citi noted that management’s commentary on operational improvements, such as indexed productivity and margin trajectory, could further bolster investor confidence.

Analyst Ratings

Of the 20 analysts covering the stock, eight have issued a “buy” rating, three recommend “hold,” and nine suggest “sell.” Despite mixed views, Citi’s positive outlook has provided a near-term boost to the stock.

As of today, PB Fintech shares were trading at ₹1,687.30, up 4.76% or ₹76.60 from the previous close.

PB Fintech shares fall over 6% as Morgan Stanley downgrades stock to ‘Underweight’

Aditya Bhagchandani — Mon, 13 Jan 2025 03:49:59 +0000

Shares of PB Fintech Ltd, the parent company of Policybazaar, dropped over 6% today, trading at ₹1,749.20 as of early market hours. The decline follows a downgrade by Morgan Stanley from ‘Equal Weight’ (EW) to ‘Underweight’ (UW) with a reduced target price of ₹1,400.

Key Factors Behind the Downgrade:

Strong 2024 Performance: PB Fintech’s stock surged 165% in 2024, significantly outperforming the Sensex, which rose by only 8%.
Valuation Concerns: Morgan Stanley highlighted the company’s steep valuation, noting that its FY27 EV/adjusted EBITDA multiple of 65x leaves little room for error.
Demanding Forecasts: The firm cited PB Fintech’s demanding growth expectations as a potential risk.
Weaker Profit Emergence: Profit emergence has been slower than anticipated, raising concerns about meeting high expectations.

Morgan Stanley’s Take:

The brokerage acknowledged PB Fintech’s strong competitive moat but emphasized that the stock’s massive outperformance in 2024, coupled with steep valuations, poses challenges. The new target price of ₹1,400 implies significant downside from current levels.

HSBC initiates Buy call on PB Fintech, expects stock to rally 16% from current price

Markets Desk — Wed, 11 Dec 2024 01:54:31 +0000

HSBC has initiated coverage on PB Fintech, India’s largest online insurance marketplace, with a Buy rating and a target price of ₹2,550, implying a 16% upside in the stock price from current levels. The brokerage highlights PB Fintech’s significant competitive advantage driven by scale, which positions it well in the expanding digital insurance space.

HSBC forecasts a strong profit after tax CAGR of 66% over FY25-28, supported by a 27% revenue CAGR. The company’s substantial operating leverage is expected to improve EBITDA margins significantly, from approximately 3% in FY25 to 19% in FY28. HSBC believes PB Fintech’s robust growth prospects and profitability trajectory make it an attractive long-term investment.

The company’s focus on scaling its operations and leveraging its technological platform could further solidify its market leadership, especially as insurance penetration continues to rise in India.

PB Fintech: Stock closes 12.3% below 52-week high, 137.9% above 52-week low

Aditya Bhagchandani — Sun, 17 Nov 2024 10:30:36 +0000

PB Fintech (NSE: PBFINTECH) ended trading on November 14, 2024, at ₹1,727.40, reflecting a gain of 5.79%. The stock remains 12.3% below its 52-week high of ₹1,966.50 and 137.9% above its 52-week low of ₹725.25.

Key Stock Insights:

Closing Price (Nov 14): ₹1,727.40
52-Week High: ₹1,966.50
- Correction from High: ₹239.10 or 12.3%
52-Week Low: ₹725.25
- Increase from Low: ₹1,002.15 or 137.9%

Recent Performance:

The stock traded between ₹1,636.10 and ₹1,745.00 during the session, with an opening price of ₹1,636.10. A total of 13.47 lakh shares were traded on the exchange, amounting to a traded value of ₹229.75 crore.

PB Fintech Q2 FY25 results: Stock drops 2% ahead of result announcement

Aman Shukla — Tue, 05 Nov 2024 04:29:09 +0000

In early trading today, shares of PB Fintech declined over 2%, opening at ₹1,700.50 and reaching a high of ₹1,712.05. The stock hit a low of ₹1,660.00, reflecting investor caution as the company prepares to announce its Q2 results.

Despite the recent downturn, PB Fintech has shown resilience over the past year, with a 52-week high of ₹1,966.50 and a low of ₹699.45. Market analysts are closely watching the upcoming earnings report, which could provide insights into the company’s growth trajectory and impact on its stock performance moving forward.

As of 9:58 am, PB Fintech shares were trading 2.54% lower at Rs 1,670.90 on the NSE.

PB Fintech subsidiary granted certificate of registration by RBI to operate as account aggregator

Aditya Bhagchandani — Mon, 21 Oct 2024 08:44:02 +0000

PB Fintech Limited, the parent company of Policybazaar, announced that its wholly owned subsidiary, PB Financial Account Aggregators Private Limited, has been granted a Certificate of Registration (CoR) by the Reserve Bank of India (RBI). This approval, received on October 21, 2024, allows the subsidiary to commence operations as a non-banking financial institution, acting as an Account Aggregator, without accepting public deposits.

The Certificate of Registration is valid from October 18, 2024. With this approval, PB Financial Account Aggregators Private Limited is now eligible to operate in the financial ecosystem by consolidating customer financial information across multiple platforms.

This move strengthens PB Fintech’s position in the financial services sector, further expanding its service portfolio. No withdrawal, cancellation, or suspension of the license has occurred, and the Certificate of Registration is fully valid, effective immediately.

PB Fintech shares surge 3% as Jefferies reaffirms ‘Buy’ rating with ₹1,800 target

Aditya Bhagchandani — Tue, 01 Oct 2024 06:21:13 +0000

Shares of PB Fintech rose by 3% after Jefferies maintained a “Buy” rating on the stock with a target price of ₹1,800. The brokerage firm’s outlook on PB Fintech comes with several key highlights that have positively impacted market sentiment.

Jefferies on PB Fintech: Key Takeaways

Maintained Buy Target Price: Jefferies has set a target price of ₹1,800 for PB Fintech, reinforcing their confidence in the stock’s potential upside.
Management Clarification on Investments: The management of PB Fintech provided clarity on its investment plans, announcing a one-time investment of up to $100 million. This move is seen as a strategic effort to bolster the company’s growth and expansion.
Investment in New Healthcare Venture: PB Fintech aims to acquire a 20-35% stake in a new healthcare venture, showcasing the company’s interest in diversifying and expanding its portfolio.
Balance Sheet and Asset Light Model: Jefferies highlighted that the recent clarification addresses concerns about PB Fintech’s commitment to maintaining a balanced and asset-light approach, which aligns with the company’s core strategy.
Preferred Play on India’s Insurance Sector Growth: PB Fintech is considered a preferred player in the burgeoning Indian insurance market, which is expected to see strong growth in the coming years.
Core Business in High Growth Orbit: The brokerage report emphasizes that PB Fintech’s core engineering and operations are positioned in a high-growth trajectory, further supporting the optimistic outlook.

This positive brokerage sentiment from Jefferies has contributed to the upward movement of PB Fintech shares, reflecting investor confidence in the company’s strategic direction and potential for growth.

Jefferies sees 12% upside in PB Fintech, maintains buy rating with ₹1,800 target

News Desk — Tue, 01 Oct 2024 03:03:21 +0000

Jefferies has reiterated its Buy rating on PB Fintech, with a target price of ₹1,800, reflecting confidence in the company’s growth trajectory. The brokerage firm highlighted that PB Fintech’s management has clarified its plans for a one-time investment of up to $100 million to acquire a 20-35% stake in a new healthcare venture.

This clarification addresses key concerns around the company’s balance sheet while ensuring it remains asset-light. Jefferies noted that PB Fintech continues to be the preferred play in India’s insurance growth market, with its core engineering business remaining in a high-growth orbit.

The company’s investment strategy, alongside its stable balance sheet, strengthens its position in India’s rapidly expanding insurance sector.

Disclaimer: Stock market investments are subject to market risks. The information provided in this article is for informational purposes only and should not be construed as investment advice or a recommendation. Readers are advised to seek independent financial advice before making any investment decisions. The author and the publication are not responsible for any investment losses incurred based on the information provided in this article.

PB Fintech shares fall another 7% today, company eyes healthcare entry

News Desk — Thu, 26 Sep 2024 04:24:58 +0000

Shares of PolicyBazaar (PB Fintech) tumbled 7.35% to ₹1,595.55 on the NSE at 9:50 AM, extending a two-day losing streak. The stock opened at ₹1,722.00 and hit a low of ₹1,594.10 during early trading, following confirmation of reports by CNBC-TV18 that the company is exploring plans to enter the healthcare sector.

This move into healthcare has raised concerns among investors, leading to the stock’s decline. The market appears cautious as the company ventures into a new domain, potentially impacting its core business.

PB Fintech sets ambitious goal for Paisabazaar’s secured disbursals

Aditya Bhagchandani — Thu, 05 Sep 2024 13:02:19 +0000

PB Fintech, the parent company of Paisabazaar, has announced its aim to increase the share of secured disbursals on the Paisabazaar platform to 50% of the total disbursals. This goal is outlined in the company’s annual report.

The company will hold its 16th Annual General Meeting (AGM) on Friday, September 27, 2024, at 11:00 A.M. IST. The meeting will be conducted via Video Conference (VC) and Other Audio Visual Means (OAVM) in compliance with the applicable provisions of the Companies Act, 2013 and SEBI Listing Regulations.

Paisabazaar has already made significant strides in digital processes. Currently, 75% of credit cards are issued and over 50% of loans are disbursed through end-to-end digital processes on the platform. The integration of multiple partner journeys into Paisabazaar’s platform has enabled a seamless, paperless experience for consumers, advancing the company’s digital strategy.

Tencent to sell 2.1% stake in PB Fintech via block deal tomorrow

Markets Desk — Wed, 28 Aug 2024 13:25:59 +0000

Shares of Policybazaar or PB Fintech will be in focus tomorrow on the back of a large block deal. According to a report from CNBC-TV18, Tencent is expected to sell 2.1% stake or 9.7 million shares in the company via a large block deal tomorrow. The report stated that the block deal is likely to take place at 4.5% discount to the current market price of Rs 1,737.90 on the NSE.

The floor price of the PB Fintech block deal is set at Rs 1,660.20 per share. Furthermore, the report also said that the seller will have a lock-up of 60 days to sell any further stake in the company. As per the latest shareholding pattern, Tencent held 4.26% stake in PB Fintech.

PB Fintech shares surge 4% as company’s Q1 net profit jumps to ₹60 crore

Aditya Bhagchandani — Wed, 07 Aug 2024 04:20:27 +0000

Shares of PB Fintech, the parent company of PolicyBazaar, Paisabazaar, and PB Partners, surged 4% following the release of their first-quarter results for the financial year 2025. As of 9:48 AM, the shares were trading 3.68% higher at ₹1,487.70 on the NSE.

Financial Highlights

Net Profit: ₹60 crore, a significant turnaround from a loss of ₹12 crore in the same quarter last year.
Revenue: Increased by 52% to ₹1,010 crore, up from ₹666 crore in the previous fiscal’s corresponding period.

Quarterly Performance

PB Fintech has now reported its third consecutive profitable quarter, showing consistent improvement in financial performance:

Q3 FY24 Net Profit: ₹38 crore
Q4 FY24 Net Profit: ₹60 crore
Q1 FY25 Net Profit: ₹60 crore

Business Growth

The substantial rise in revenue is largely attributed to the growth in PB Fintech’s online business:

Premium from Online Business: Grew by 62% year-on-year.
Health and Life Insurance Segment: Saw a significant spike of about 78%.

Metric	Q1 FY25	Q1 FY24	Y-o-Y Change (%)
Net Profit	₹60 crore	-₹12 crore	–
Revenue	₹1,010 crore	₹666 crore	52%
Online Business Premium Growth	–	–	62%
Health and Life Insurance Growth	–	–	78%

PB Fintech’s impressive financial performance in the first quarter, marked by a strong increase in net profit and revenue, has driven positive investor sentiment, resulting in the notable rise in its share price. The company’s continued growth in the health and life insurance segments highlights its expanding market presence and operational success.

Policybazaar parent PB Fintech’s shares surge after major deal

Aditya Bhagchandani — Thu, 06 Jun 2024 04:41:16 +0000

Shares of PB Fintech, the parent company of Policybazaar, witnessed a surge of over 5 percent in opening trade on June 6, following a significant deal worth Rs 428.10 crore on the exchanges.

In this substantial transaction, approximately 33 lakh shares, representing a 0.73 percent stake in the company, changed hands. The deal was executed at an average price of Rs 1,297 per share, marking a slight premium from the stock’s previous close of Rs 1,293.35.

As of 10:03 am, the shares were trading at ₹1,294.25.

This notable deal in PB Fintech comes on the heels of two other major stake sales in the company last month. Initially, two of PB Fintech’s top executives, Chairman Yashish Dahiya and Vice-Chairman Alok Bansal, sold 83.7 lakh shares, constituting a 1.86 percent stake in the company, through two block deals.

PB Fintech shares dip 2% as promoters sell stake

Aditya Bhagchandani — Fri, 17 May 2024 06:53:39 +0000

Shares of PB Fintech, the parent company of PolicyBazaar and PaisaBazaar, fell by as much as 2% to a low of ₹1,314.65 in early trade on Friday. The drop was triggered by multiple trades of 83.7 lakh shares, representing a 1.86% stake in the firm, during pre-opening trade.

The company’s promoters are offloading 1.86% equity in PB Fintech for about ₹1,053 crore through block deals. The floor price for the deal is set at ₹1,258 per share, which is over 6% lower than Thursday’s closing price.

In a stock exchange filing, PB Fintech announced that Yashish Dahiya, Chairman and CEO, plans to sell up to 54 lakh equity shares. Alok Bansal, Vice Chairman and Whole-time Director, is looking to sell up to 29,70,578 equity shares via bulk or block deals.

The filing also stated that a substantial portion of the proceeds from the sale will be used to pay taxes on current and future ESOP exercises. ESOPs are subject to taxes upon exercise, in addition to capital gains tax on the sale of shares.

After the sale, Yashish Dahiya will hold a 4.83% stake, and Alok Bansal will hold a 1.63% stake in the company on a fully diluted basis.

As of 12:20 pm, PB Fintech shares were trading 1.23% lower at ₹1,321.80.

PB Fintech promoter to sell 1.8% stake via block deal tomorrow

Markets Desk — Thu, 16 May 2024 11:42:46 +0000

Shares of PB Fintech (Policybazaar) would be in focus as a large block deal will take place tomorrow. According to media reports, PB Fintech promoter is likely to sell upto 1.8% equity via a large block deal tomorrow (May 16). The report further stated that the total block deal size is expected to be Rs 1,053 crore and the floor price for the same is Rs 1,258 per share.

The floor price of Rs 1,258 per share for PB Fintech block deal is at a 6% discount to today’s closing price of Rs 1,338.25 on the NSE. The block deal will trigger a 365-day lock in for further stake sale by the promoter.

PB Fintech under pressure post large block deal, SoftBank likely seller

Aditya Bhagchandani — Fri, 06 Oct 2023 04:03:30 +0000

Shares of PB Fintech opened flat in the morning session today, following indications from Japanese tech giant SoftBank who posted large block deal to divest an additional 2.54% stake in PB Fintech.

According to sources familiar with the matter, SoftBank planned this stake sale through a block deal. It’s important to note that SoftBank is not completely exiting; rather, this constitutes a partial stake sale, as clarified by one of the sources.

The proposed offer price range falls between Rs 752 and Rs 767 per share. This range reflects a discount of 0-2% in comparison to the previous closing price of Rs 767 per share, as outlined in the deal terms seen by Moneycontrol.

At 9:25 AM the company’s share were trading 0.74% down, or 5.65 drop or at ₹761.35

Policybazaar slips 3% in trade as CLSA downgrades stock

Markets Desk — Mon, 03 Apr 2023 09:37:21 +0000

Shares of Policybazaar (PB Fintech) slip over 3% in trade today and hit a day’s low of Rs 612 on the bourses. At 2:50 PM, Policybazaar stock was down 2.8% at Rs 620.95 on the NSE. The knock in the stock largely comes in post CLSA downgraded the stock to Outperform from Buy with a revised target price of Rs 710 from Rs 660 earlier.

In the last five months, the stock has surged over 60% after the company demonstrated its path to profitability. CLSA says that lower burn rate in new initiatives aiding faster breakeven. Besides, the pressure from selling shareholders also eased, taking off some selling pressure, said CLSA in its report.

Stocks to watch: Adani Green Energy, Vedanta, Yes Bank, Hero MotoCorp, Eicher Motors and more

Aryan Jakhar — Fri, 02 Dec 2022 03:00:54 +0000

The final trading day of the week could get off to a sour start for the Indian benchmark indices BSE Sensex and NSE Nifty 50. As Nifty Futures traded 50 points, or 0.26%, lower at 18925 on the Singapore Exchange, the SGX Nifty indicated that the domestic share market would have a negative opening. The Nifty gained 54 points to close at 18,812 on Thursday, while the Sensex gained 185 points to close at 63,284.

PB Fintech: According to reports, SoftBank Group intends to sell a 5% stake in PB Fintech Ltd. of India, the parent company of online insurance aggregator Policybazaar, in a block transaction. The base price for the Friday block deal might be 440 rupees per share. On Thursday, shares of PB Fintech reached a close of Rs 461. According to exchange data, SoftBank has two of its units owning more than 10% of PB Fintech.

Adani Green Energy: On Thursday, the Adani group company announced that it had raised 27,954 million Japanese Yen (roughly Rs 1,630 crore) through its affiliate Adani Solar Energy AP Six to restructure its existing debt. According to a press release from the company, MUFG Bank and Sumitomo Mitsui Banking Corporation both contributed equally to the project lending facility.

Vedanta: Vedanta, which will soon begin producing glass, semiconductors, and aluminium in India, wants to move beyond simple manufacturing and support the growth of related industries. Naveen Patnaik, the chief minister of Odisha, on Thursday laid the cornerstone for the Vedanta Aluminium Park in Jharsuguda. The business is also in discussions with the state government to establish an electronics cluster for the production of electronics like televisions, smartphones, laptops, and other products that use glass and semiconductors.

Yes Bank: The private lender announced on Thursday that the Reserve Bank of India (RBI) had awarded private equity companies Carlyle Group and Advent International conditional approval to buy 9.99% of the lender each. Verventa Holdings, a subsidiary of funds administered by Advent, and CA Basque Investments, a unit of the Carlyle Group, are the parties proposing the investment.

Reliance Capital: The liquidation value of the indebted Reliance Capital (RCap) has been estimated by two independent appraisers at Rs 13,000 crore, more than twice the amount of the binding bids the company received. The former Anil Ambani group company is evaluated at Rs 12,500 crore by Duff & Phelps as a core investment company (CIC), and at Rs 13,200 crore by RBSA.

Hero MotoCorp: In November 2022, the two-wheeler company sold 3.9 lakh units, up 12% from the same month the year before. In November 2021, the company had sold 3.49 lakh units. Hero anticipates that momentum will increase in the upcoming quarters due to positive economic indicators, such as encouraging farm activity, favourable consumer sentiments, and the impending wedding season.

Eicher Motors: The business sold 70,766 bikes in November 2022, a 37% increase over the 51,654 units sold in the same month year year. However, exports, which fell to 5,006 motorcycles, fell by 27% year over year.

SJVN: The public sector company announced that SJVN Green Energy, a subsidiary, has signed a Memorandum of Understanding with Grid Corporation of Odisha for the development of 1,000 MW hydroelectric projects and 2,000 MW solar power projects in Odisha through the incorporation of a joint venture company. The development of these projects will cost Rs 20,000 crore and is anticipated to produce 4,207 million units (MUs) in the first year and roughly 96,797 MUs overall during a 25-year timeframe.

Orchid Pharma: A qualified institutional placement (QIP) issuance to raise Rs 500 crore has been approved by the company’s board. The Dhanuka group, which acquired control of the business in 2018, is also fulfilling its mandated requirement to sell 15% share in Orchid Pharma by March 2023 via this QIP placement.

Policybazaar owner PB Fintech gets SEBI’s approval for ₹6,017 crores IPO

Cheryll Jain — Tue, 19 Oct 2021 10:42:07 +0000

PB Fintech, India’s largest online insurance platform, announced on Tuesday, October 19 that it has received the approval of the Securities and Exchange Board of India to float an initial public offering (IPO) in order to raise Rs. 6,017.50 crores.

PB Fintech, which operates insurance platform Policibazaar and credit tracking and comparison platform Paisabazaar, will offer Rs.3,750 crores worth of fresh equity shares and an Offer for Sale (OFS) worth Rs.2,267 crores by existing selling shareholders as part of the planned IPO.

The draft red herring prospectus filed by PB Fintech disclosed that existing shareholder SVF Python II will sell shares worth Rs.1,875 crores while Yashish Dahiya will sell part of his shares worth Rs. 250 crore as part of the OFS. it also hinted that other selling shareholders will also give up their shares as part of the IPO.

As per the DRHP submitted before the board earlier this year in August, the company is also in talks to raise an additional Rs.750 crores through private placement of equity shares before the planned IPO.

Money raised from the fresh issue of equity shares will be utilised in expanding the company’s visibility and awareness among consumers in the market. PB Fintech is also seeking new opportunities to further develop its consumer base and secure its presence in the offline market.

Meanwhile, the funds raised from the IPO will aid in funding strategic investments and acquisitions to expand the company’s presence in the overseas market.

PB Fintech’s approved IPO is significant for the listed firm Info Edge that holds close to a 14 per cent stake in PB Fintech. The firm is not diluting any stake through OFS part of the public offering but the IPO will grant a benchmark to the cost of the stake that Info Edge holds in the company.