India, March 12 -- Listed insurtech company PB Fintech has received approval from its board to invest INR 696 Cr (around $80 Mn) in its wholly owned subsidiary PB Healthcare Services Pvt Ltd.

The Policybazaar parent will infuse the capital by way of subscribing or purchasing PB Healthcare Services' equity shares of INR 10 each or compulsorily convertible preference shares of INR 100 each in the next fiscal year (FY26), as per the company's stock exchange filing.

However, the investment is subject to approval by shareholders of the company.

Following the capital infusion, PB Fintech would hold a 33.63% stake in PB Healthcare Services.

The funding will help PB Fintech's healthcare subsidiary meet its general operating expenses, raise br...