PB Fintech Utilizes Rs. 3,901.62 Million in Q2 2025, Extends Time Limit for Funds Utilization

PB Fintech Ltd. has utilized Rs. 3,901.62 million in Q2 2025, with Rs. 402.12 million utilized through its subsidiary Policybazaar Insurance Brokers Private Limited. The company made a strategic investment of Rs. 3,499.50 million for subscribing Compulsory Convertible Preference Shares of M/s PB Healthcare Services Private Limited. The unutilized amount of Net IPO proceeds as at June 30, 2025, were invested in fixed deposits and other bank accounts maintained with scheduled commercial banks. The company has altered the objects for which the amount was raised and extended the time limit for the utilization of funds raised in the Initial Public Offer till March 31, 2026.