PB Fintech Limited (NSEI:POLICYBZR), the parent company of insurance marketplace Policybazaar, has denied reports that it is planning to raise $1 billion through a share sale, saying the news is "factually untrue". In a regulatory filing to stock exchanges on February 6, 2026, the company said its management and board are not considering a qualified institutional placement (QIP), refuting a media report. "This is to clarify that the news is factually untrue.

The management or the Board are not considering the Qualified Institutional Placement (QIP)," the company said in the filing.