PB Fintech Limited has informed the Exchange about General Updates on incorporation of step down subsidiary
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PB Fintech Limited has incorporated a new step-down subsidiary called Paisabazaar Middle East Marketing LLC in Dubai, UAE, through its wholly owned subsidiary PB Fintech FZ-LLC. The new entity will operate in marketing management, fintech, and commercial information services, extending the Paisabazaar brand to the Middle East. PB Fintech FZ-LLC has invested AED 1 Million (approximately ₹2.40 Cr) for 100% shareholding in the new entity. The incorporation is already completed and was done with cash consideration. As PB Fintech is professionally managed with no identifiable promoter, no promoter group interest is involved in this transaction.
This is a modest international expansion move (~₹2.40 Cr investment) to build a Middle East presence for the Paisabazaar brand. The financial impact is minimal given the small size, but it signals the company's strategic intent to explore overseas markets for its fintech offerings.