Announced Wed, 16 Sept, 2026 · 23:05 IST
PB Fintech to make MyLoancare fully owned, invests in two subsidiaries
POLICYBZR · price
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Price reaction · full curve 14 horizons · vs prior close
-3.7%1-day move
₹1831.00
prior close
₹1839.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-4.5-5.2-5.3-4.1-3.7-2.0-1.7+3.4-32.0-37.1————
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AI summary
PB Fintech's M&A Committee approved acquiring the remaining 20% stake in subsidiary MyLoancare for up to Rs 5 crore, making it a 100% wholly-owned subsidiary. Also approved investing up to Rs 10 crore in wholly-owned PB Wheels for working capital, and up to Rs 1 crore in PB Financial Account Aggregator for RBI capital adequacy needs. All transactions are cash-based and at arm's length.
Likely market impact
Consolidates ownership in lending arm MyLoancare; small capital infusion in subsidiaries signals continued investment in core businesses.