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“…the Board of Directors of PB Fintech Limited (company) through a circular resolution passed on December 03, 2024, has approved the incorporation of the wholly owned subsidiary (WOS) with the proposed name “PB Healthcare Private Limited” or “PB Healthcare Services Private Limited” or any other name as may be approved by the Ministry of Corporate Affairs, Government of India to carry on the business of healthcare services,” PB Fintech said in a regulatory filing.
Back in September, CNBC-TV18 reported that PB Fintech is exploring plans to venture into the healthcare sector by establishing its own chain of hospitals.
The subsidiary will focus on healthcare and allied services, with an authorized share capital of ₹5 lakh. The company clarified that the new entity will become a related party upon incorporation. PB Fintech, being a professionally managed entity, has no identifiable promoter or promoter group.
The incorporation process will commence after obtaining the necessary approvals from the Ministry of Corporate Affairs and the Registrar of Companies. While turnover details are not available as the entity is yet to be established, the move signals PB Fintech’s strategic expansion into the healthcare sector.
Shares of PB Fintech Ltd ended at ₹1,927.25, down by ₹37.50, or 1.91% on the BSE.
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