Morgan Stanley initiates coverage on PB Fintech, FSN E-Commerce
The foreign brokerage has initiated coverage on Policybazaar's parent PB Fintech and FSN E-Commerce Ventures, operator of online cosmetics retailer Nykaa, with 'equal-weight' ratings as valuations reflect the near-term prospects.
PolicyBazaar's holding firm PB Fintech to acquire MyLoanCare
PB Fintech will also set up Account Aggregator subsidiary PB Fintech Ltd - 543390 - Outcome Of Board Meeting Held Today I.E. December 13, 2021 Pursuant To Regulation 30 Of The Securities And Exchange Board Of India (Listing Obligation And Disclosure Requirement) Regulations, 2015
Dear Sir This is to inform you that pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Board of Directors of the Company at its Meeting held today i.e. Monday, December 13, 2021, at 01:30 P.M. and concluded at 02:15 P.M. has inter alia considered and approved the following: (i) Incorporation of the wholly owned subsidiary to carry on the business of an Account Aggregator ('AA'). The AA has to be licenced by the Reserve Bank of India (RBI). The incorporation will leverage the facility without external dependency on another Account Aggregators for information gathering, cost saving / revenue housing and offer seamless solutions. (ii) Investment in MyLoanCare Ventures Private Limited, a company incorporated under the provisions of the Companies Act, 2013. PB Fintech Ltd - 543390 - Board Meeting Outcome for Outcome Of Board Meeting Held Today I.E. December 13, 2021 Pursuant To Regulation 30 Of The Securities And Exchange Board Of India (Listing Obligation And Disclosure Requirement) Regulations, 2015
Dear Sir This is to inform you that pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Board of Directors of the Company at its Meeting held today i.e. Monday, December 13, 2021, at 01:30 P.M. and concluded at 02:15 P.M. has inter alia considered and approved the following: (i) Incorporation of the wholly owned subsidiary to carry on the business of an Account Aggregator ('AA"). The AA has to be licenced by the Reserve Bank of India (RBI). The incorporation will leverage the facility without external dependency on another Account Aggregators for information gathering, cost saving / revenue housing and offer seamless solutions. (ii) Investment in MyLoanCare Ventures Private Limited, a company incorporated under the provisions of the Companies Act, 2013.
P2P lending firm LenDenClub raises $10 million from Kunal Shah, Hardik Pandya others
Other investors in the round include Tuscan Ventures, Ohm Stock Brokers, Artha Venture Fund, Policybazaar co-founder Alok Bansal, Livspace co-founder Ramakant Sharma and GVK Infra board member Krishna Bhupal PB Fintech arm invests 10.8 crore more in Visit Health, holds minority stake
Visit Health is engaged in the business of providing healthcare and wellness through website and mobile application PB Fintech Ltd - 543390 - Outcome Of Board Meeting Held Today I.E. November 30, 2021 Pursuant To Regulation 30 Of The Securities And Exchange Board Of India (Listing Obligation And Disclosure Requirement) Regulations, 2015
(i) Further investment of ? 10,80,94,228/ - (Rupees Ten Crore Eighty Lakh Ninety Four Thousand Two Hundred Twenty Eight Only) by Docprime Technologies Private Limited ('Docprime') a wholly owned subsidiary of the company in Visit Health Private Limited ('VHPL') and in lieu VHPL will issue 1,44,511 Compulsorily Convertible Debentures ('CCD's') of ? 748 each to Docprime. Details in respect of the same are enclosed herewith as Annexure A. (ii) Approved the list of eligible employees of the Company and its subsidiaries to whom 24,32,500 stock options and 1,54,94,500 stock options would be vested on December 01, 2021 under the Employee Stock Option Plan 2014 ('ESOP 2014') and Employee Stock Option Plan 2020 ('ESOP 2020') respectively, subject to they being the employee of the Company and its subsidiaries as on the vesting date. PB Fintech Ltd - 543390 - Board Meeting Outcome for Outcome Of Board Meeting Held Today I.E. November 30, 2021 Pursuant To Regulation 30 Of The Securities And Exchange Board Of India (Listing Obligation And Disclosure Requirement) Regulations, 2015
(i) Further investment of ? 10,80,94,228/ - (Rupees Ten Crore Eighty Lakh Ninety Four Thousand Two Hundred Twenty Eight Only) by Docprime Technologies Private Limited ('Docprime') a wholly-owned subsidiary of the company in Visit Health Private Limited ('VHPL') and in lieu VHPL will issue 1,44,511 Compulsorily Convertible Debentures ('CCD's') of ? 748 each to Docprime. Details in respect of the same are enclosed herewith as Annexure A. (ii) Approved the list of eligible employees of the Company and its subsidiaries to whom 24,32,500 stock options and 1,54,94,500 stock options would be vested on December 01, 2021 under the Employee Stock Option Plan 2014 ('ESOP 2014') and Employee Stock Option Plan 2020 ('ESOP 2020') respectively, subject to they being the employee of the Company and its subsidiaries as on the vesting date. You are requested to kindly take the same in your records. PB Fintech Ltd - 543390 - Shareholding for the Period Ended November 12, 2021
PB Fintech Ltd has submitted to BSE the Shareholding Pattern for the Period Ended November 12, 2021. For more details, kindly Click here
Biggest gainers & losers: Auto shares hog limelight; PB Fintech zooms 12%
Arijit Malakar, Research Head, Ashika Stock Broking said, "The market declined sharply today despite positive cues from other markets. Domestic sentiments were impacted by surging inflation owing to a spike in demand and supply chain snags."