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PB Fintech gets nod to acquire remaining 20% stake in MyLoancare Ventures
Sep-17-2026

PB Fintech has received in-principle approval for the proposed acquisition of the remaining 20% equity stake in its existing subsidiary, MyLoancare Ventures (MyLoancare) to make it a 100% wholly-owned subsidiary (WOS) of the company. The objective of acquisition is to achieve 100% control, streamlining operational synergies, enhancing governance, and simplifying corporate structures. The estimated consideration for the proposed 20% equity stake is up to Rs 5 crore. The acquisition is expected to be completed on or before March 31, 2027.

The company has also received approval to invest funds aggregating up to Rs 10 crore in the form of capital into PB Wheels (formerly Accurex Marketing and Consulting), a wholly owned subsidiary of the Company, in one or more tranches. The present investment will allow PB Wheels to meet its working capital requirements for business operations and other general operating expenses.

Additionally, the company has received approval to invest funds aggregating up to Rs 1 crore in the form of capital into PB Financial Account Aggregator, a wholly owned subsidiary of the Company, in one or more tranches. This capital infusion will allow PB Financial Account Aggregator to meet its general operating expenses and/or to meet the capital adequacy/ net worth criteria mandated by the Reserve Bank of India (RBI) for Account Aggregator.

The M&A and Investment Committee of the Board of Directors of the company, at its meeting held on September 16, 2026, has considered and approved the same.

PB Fintech is the parent entity of Policybazaar, 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.

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