PB Fintech Invests ₹5.39 Billion In Subsidiary PB Healthcare Services

PB Fintech Ltd. has invested ₹5.39 billion into its wholly-owned subsidiary, PB Healthcare Services Pvt. Ltd., through compulsory convertible preference shares, the company disclosed in an exchange filing on Thursday. The investment aims to strengthen the subsidiary’s financial position and support its growth initiatives.

As part of its funding strategy, PB Healthcare Services will raise ₹14.62 billion in the first tranche of its seed funding round. Initially, the subsidiary had planned to raise ₹6.96 billion, the filing added.

The completion of the first tranche of funding, which includes investments from external investors and the creation of an employee stock option plan pool, will reduce PB Fintech’s shareholding in PB Healthcare Services to 32.14% from 100%.

"The dilution in shareholding is a strategic decision to bring in external investors and create an ESOP pool to attract and retain talent," the company stated.

PB Healthcare Services, which was incorporated on January 1, is set to operate in the healthcare and allied services sector in India.