PB Fintech to invest ₹696 cr in PB Healthcare Services; expands into healthcare

PB Fintech Ltd, the parent company of insurance platform PolicyBazaar, has approved an investment of up to ₹696 crore in its wholly-owned subsidiary, PB Healthcare Services Private Ltd, a healthcare and allied services provider, via equity shares or compulsory convertible preference shares in FY 2025-26.

In an exchange filing, PB Fintech said its board today approved an investment worth ₹696 crore in PB Healthcare Services. The investment is, however, subject to the shareholder’s approval through postal ballot and will be made along with other external investors in PB Healthcare Services.

The investment is expected to be completed within 90 days of receiving approvals. The shares will be acquired at ₹10 per equity share and ₹100 per compulsory convertible preference share (CCPS). The move ensures PB Fintech’s expansion into healthcare services on the back of its expertise in the insurance and financial spaces.

PB Healthcare Services has authorised capital of ₹5,00,000 and paid-up capital worth ₹5,00,000 and was incorporated in January 2025. PB Healthcare will raise money from PB Fintech, Yashish Dahiya, Alok Bansal, three KMPs and other external investors. After the proposed investment, PB Fintech will hold up to 33.63% on a fully diluted basis.

"The shareholding has been calculated assuming the maximum proposed amounts to be invested by the company along with other investors. Post investment, the shareholding may differ in case the actual investment amounts are less than the proposed maximum amounts of investment by the company/other investors," said PB Fintech. The share of PB Fintech closed 3.09% up at ₹1,469.45 on the BSE today.