Highlights
- PB Fintech invested Rs 13 crore in wholly owned subsidiary PB Pay Private Limited.
- The capital infusion forms part of the previously approved Rs 20 crore investment.
- Funds will support business expansion and RBI capital adequacy requirements for PB Pay.
PB Fintech Limited (NSE:POLICYBZR) has announced an investment of Rs 13 crore in the equity shares of PB Pay Private Limited, its wholly owned subsidiary. The investment forms part of the previously approved Rs 20 crore capital commitment disclosed by the Company. The announcement follows the Company's earlier communication dated June 30, 2026, and was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Investment supports payment aggregation business
The Company stated that the capital infusion has been made to support business expansion and to meet the capital adequacy and net worth requirements prescribed by the Reserve Bank of India (RBI) for operating as a payment aggregator. The investment has been made through cash consideration, with PB Fintech investing Rs 13 crore in exchange for 1.30 crore equity shares of face value Rs 10 each to be allotted by PB Pay.
Wholly owned subsidiary status remains unchanged
Following the investment, PB Fintech's shareholding in PB Pay will remain 100%, as the entity continues to be a wholly owned subsidiary. The Company stated that the transaction qualifies as a related-party transaction because PB Pay is its wholly owned subsidiary and that it has been undertaken on an arm's length basis. PB Fintech also clarified that it is a professionally managed company with no identifiable promoter or promoter group.
PB Pay operates in online payment aggregation
PB Pay Private Limited was incorporated on April 9, 2024, to operate in the online payment aggregation business. The Company had not commenced business operations as of March 31, 2026, and therefore reported nil turnover for FY26. According to the disclosure, PB Pay's authorised share capital is Rs 50 crore, while its paid-up capital will increase from Rs 37 crore to Rs 50 crore following the allotment of shares.
RBI approvals already received
PB Fintech stated that the Reserve Bank of India granted in-principle authorisation to PB Pay to operate as an online payment aggregator on April 15, 2025. Subsequently, the RBI issued a Certificate of Authorisation on February 6, 2026, allowing PB Pay to commence and carry on the payment aggregator business under the Payment and Settlement Systems Act, 2007.
Remaining approved investment to be infused later
The Company stated that the remaining Rs 7 crore out of the approved Rs 20 crore investment will be infused into PB Pay in one or more tranches. No indicative timeline for completion of the remaining investment was disclosed.
Key Risks
- Remaining approved investment is yet to be infused.
- PB Pay is at an early stage of business operations.
- Business growth depends on payment aggregation market adoption.
- Regulatory compliance remains essential for payment aggregator operations.
Summary
PB Fintech (NSE:POLICYBZR) has invested Rs 13 crore in its wholly owned subsidiary, PB Pay Private Limited, as part of an approved Rs 20 crore capital infusion. The funds will support business expansion and help meet RBI capital adequacy requirements for payment aggregators. PB Pay continues to be a wholly owned subsidiary, while the remaining approved investment is expected to be infused in one or more future tranches.
FAQs
Q: How much has PB Fintech invested in PB Pay?
A: PB Fintech has invested Rs 13 crore in PB Pay as part of an approved Rs 20 crore capital infusion.
Q: Why did PB Fintech invest in PB Pay?
A: The investment will support business expansion and help PB Pay meet RBI capital adequacy and net worth requirements.
Q: Will PB Fintech's ownership in PB Pay change after the investment?
A: No. PB Fintech will continue to hold a 100% stake in PB Pay after the allotment of new equity shares.