New Delhi, March 12 -- PB Fintech share price dropped by more than 5% during Wednesday's trading session following the company's announcement on Tuesday that it plans to invest Rs.696 crore in its subsidiary, PB Healthcare Services Private Limited, in the upcoming financial year to expand its operations.

The company's board has approved a plan to invest a total of up to Rs.696 crore in PB Healthcare Services Private Limited, its fully owned subsidiary, through the subscription or purchase of its shares or Compulsory Convertible Preference Shares in the financial year 2025-26, as stated in PB Fintech Ltd's regulatory filing.

However, this investment is contingent upon approval from shareholders via a postal ballot and will take place alo...