PB Fintech Limited has informed the Exchange about General Updates on investment
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PB Fintech Limited has invested INR 10 crore in PB Pay Private Limited, its wholly owned subsidiary, out of a total approved amount of INR 20 crore. The investment is in the form of equity shares (1 crore shares at Rs. 10 face value) made on a cash basis at arm's length pricing. PB Pay, incorporated in April 2024, is yet to start business operations and will operate as an NBFC in the payment aggregator space. The funds will be used by PB Pay to meet general operating expenses and other requirements. As background, PB Pay has received In-Principle authorisation from the RBI to operate as an Online Payment Aggregator under the Payment and Settlement Systems Act, 2007.
This is a routine capital infusion into a wholly owned subsidiary and does not change PB Fintech's consolidated financials. It supports the company's strategic push into the payments business, pending full RBI approval, which could be a long-term growth lever.