PB Fintech inches up on making additional investment in MyLoanCare Ventures

PB Fintech is currently trading at Rs. 582.05, up by 1.30 points or 0.22% from its previous closing of Rs. 580.75 on the BSE.

PB Fintechs
PB Fintechs

The scrip opened at Rs. 578.00 and has touched a high and low of Rs. 585.95 and Rs. 575.15 respectively. So far 8497 shares were traded on the counter.

The BSE group ‘B’ stock of face value Rs. 2 has touched a 52 week high of Rs. 1470.00 on 17-Nov-2021 and a 52 week low of Rs. 542.30 on 12-May-2022.

Last one week high and low of the scrip stood at Rs. 664.90 and Rs. 557.00 respectively. The current market cap of the company is Rs. 26176.62 crore.

The Institutions and Non-Institutions held 26.89% and 73.11% stake respectively in the company.

PB Fintech has made further investment of Rs 36.57 crore in MyLoanCare Ventures (Myloancare), now a subsidiary of the company and the shareholding has increased from 24.93% to 70.10% on a fully diluted basis post allotment of Compulsorily Convertible Preference Shares (CCPS) by Myloancare.

PB Fintech is India’s leading online platform for insurance and lending products. The company provides convenient access to insurance, credit, and other financial products and aims to create awareness in India about the financial impact of death, disease, and damage.

Please share this news

Check Also

Jupiter Hospital IPO Listing Date Today: Experts Predict Positive Debut of Shares

Jupiter Hospital IPO listing date is today. The company’s shares will list on the Bombay …