PB Fintech Approves ₹20 Cr Investment in Subsidiary, New Dubai Entities

PB Fintech Ltd's M&A and Investment Committee approved a capital infusion of up to ₹20 crore into its wholly-owned subsidiary, PB Pay Private Limited. This investment aims to support PB Pay's business expansion and meet regulatory capital requirements for operating as a Payment Aggregator. Additionally, the company approved the incorporation of two step-down subsidiaries in Dubai, UAE: "Policybazaar Financial Advisors (DIFC) LLC" and "PB Re Brokers (DIFC) LLC", both wholly owned by its existing Dubai subsidiary, PB Fintech FZ LLC. These moves indicate strategic expansion and strengthening of its financial services arm.