The Board of PB Fintech at its meeting held on 30 January 2024 has approved the following:
Grant of unsecured loan up to Rs 200 crore to Policybazaar Insurance Brokers (Policybazaar), a wholly owned subsidiary of the Company, in one or more tranches during the financial years 2023-24 and 2024-25.
Grant of unsecured loan up to Rs 50 crore to Paisabazaar Marketing and Consulting (Paisabazaar), a wholly owned subsidiary of the Company, in one or more tranches during the financial years 2023-24 and 2024-25.
Further investment of an amount not exceeding Rs 40 crore in the equity shares of Icall Support Services (Icall), a wholly owned subsidiary of the Company, in one or more tranches during the financial years 2023-24 and 2024-25.