PB Fintech invests ₹13 Cr in wholly-owned subsidiary PB Pay
PB Fintech Ltd has invested ₹13 Crores in the equity shares of its wholly-owned subsidiary, PB Pay Private Limited. This investment is part of a total approved amount of ₹20 Crores and aims to support PB Pay's business expansion and meet the Reserve Bank of India's (RBI) capital adequacy and net worth requirements for operating as a Payment Aggregator. PB Pay, incorporated on April 9, 2024, received its Certificate of Authorisation from the RBI on February 6, 2026, to commence operations as a payment aggregator. The transaction is considered an arm's length transaction, and PB Fintech's 100% shareholding in PB Pay remains unchanged post-investment. The remaining approved amount will be infused in future tranches.
Key Highlights
- PB Fintech invested ₹13 Cr in its wholly-owned subsidiary, PB Pay Private Limited.
- The investment supports PB Pay's business expansion and RBI capital norms.
- PB Pay is authorized by RBI to operate as a Payment Aggregator.
- PB Fintech maintains 100% ownership of PB Pay.
- The remaining ₹7 Cr of the approved investment will be infused later.
Price Impact
More from POLICYBZR