PB Fintech (NSE:POLICYBZR, BOM:543390) has received board approval to invest up to 6.96 billion Indian rupees in its wholly owned subsidiary PB Healthcare Services, according to a Tuesday filing to the Indian stock exchanges.
The investment will be made through subscribing or purchasing equity shares or compulsory convertible preference shares of PB Healthcare during the financial year 2025-26.
The investment will allow the company to strengthen the financial health of the subsidiary to meet its general operating expenses and enhancing brand awareness, office presence, and strategic initiatives.
Shares of the company were down over 4% in recent trade.
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