PB Fintech Limited (NSEI:POLICYBZR) is expected to revive a major fundraising plan that had been paused over shareholder pushback, after completing consultations with existing shareholders and prospective investors, according to people familiar with the matter. The Policybazaar parent is likely to return with a proposal to raise as much as $1 billion through a qualified institutional placement once the investor outreach is concluded and market conditions stabilise, according to the people, who asked not to be identified because the information is private. The company has appointed Kotak Mahindra Capital Co., IIFL Capital Services Ltd., and local units of HSBC Holdings Plc and Citigroup Inc. as advisers for the transaction, the people said.
PB Fintech on February 5, 2026 canceled a board meeting that had been scheduled to consider the institutional placement aimed at supporting potential global acquisitions. Some shareholders had raised concerns about the timing of the fundraise after a decline in the company?s share price and questioned the strategic rationale and capital allocation priorities, the people said. PB Fintech and the banks didn?t respond to requests for comment.
In an exchange filing late evening on February 6, 2026, the company said that reports on reviving fundraise plan are ?factually untrue? and ?the management or the board are not considering the qualified institutional placement?.
