PB Fintech Ltd, the parent entity of insurance marketplace Policybazaar and loan marketplace Paisabazaar, said it has proposed to infuse Rs 696 crore in its subsidiary PB Healthcare Services Private Limited in the next financial year to grow its business. 

The decision was taken by the Board of Directors of PB Fintech Ltd. in a meeting held on Tuesday.

PB Healthcare Services Private Ltd was incorporated in January 2025 to carry on the business of healthcare and allied services in India.

 

According to a regulatory filing, PB Fintech would be holding up to 33.63% of PB Healthcare on a fully diluted basis.

"As part of the company’s strategic investment, the present investment allows the company to strengthen the financial health of its mentioned wholly-owned subsidiary to meet its general operating expenses and enhancing brand awareness, office presence and strategic initiatives," the company said in a statement.

The said investment is, however, subject to the shareholder's approval through postal ballot and will be made along with other external investors in PB Healthcare Services Private Ltd. 

The transaction is expected to be completed within 90 days of receiving the required approvals.