ImportantGeneral Updates
PB Fintech has executed agreements to disburse unsecured loans to its wholly-owned subsidiaries.
PB Fintech LimitedPOLICYBZR · Filed with the exchange
Policybazaar will receive ₹300 Cr, primarily from IPO proceeds, to fund its operations.
Paisabazaar will get ₹100 Cr from both IPO and non-IPO funds for its business and other expenses.
Both loans carry a 12% annual interest rate and are repayable within one year.
This capital injection supports the growth and strategic objectives of PB Fintech's core businesses.
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