PB Fintech Limited (NSEI:POLICYBZR) will look for acquisitions. The board will meet on 5 February to consider raising capital through a qualified institutional placement (QIP) to fund inorganic growth opportunities. Proceeds from the capital raise will be used for strategic investments, acquisitions and partnerships, the company said, adding that no specific acquisition target has been identified so far.
PB Fintech Limited is an India-based online marketing and consulting company. The Company is in the business of rendering online marketing and information technology consulting/support services for the financial service industry, including insurance. Its segments include Insurance services segment, which consists of insurance broker services and Other services segment, which consists of online marketing, consulting and support services. It provides access to insurance, credit and other financial products. It offers Policybazaar and Paisabazaar platform that addresses the online insurance and lending markets. The Policybazaar platform is an online platform for consumers and insurer partners to buy and sell core insurance products. The Paisabazaar is an independent digital lending platform that enables consumers to compare, choose and apply for personal credit products. Its platforms serve consumers with varied needs, credit profiles, demographics, employment types, and income levels.
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Investor
Investor
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Global
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ESG MSCI
ESG MSCI
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