PB Fintech surges as its arm acquires 98.40% stake in Visit Internet Services
PB Fintech is currently trading at Rs. 958.40, up by 16.80 points or 1.78% from its previous closing of Rs. 941.60 on the BSE.
The scrip opened at Rs. 945.00 and has touched a high and low of Rs. 961.00 and Rs. 943.00 respectively. So far 10760 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 1470.00 on 17-Nov-2021 and a 52 week low of Rs. 857.05 on 11-Jan-2022.
Last one week high and low of the scrip stood at Rs. 961.00 and Rs. 857.05 respectively. The current market cap of the company is Rs. 42324.90 crore.
The Institutions and Non-Institutions held 1.93% and 98.07% stake respectively in the company.
PB Fintech’s wholly owned subsidiary -- Docprime Technologies has acquired 98.40% equity shares in Visit Internet Services (VISPL). The company has invested an amount of Rs 22.05 crore in Visit Internet Services. Docprime is making this investment to acquire 100% shareholding in VISPL, in one or more tranches, as a part of its strategic investments.
PB Fintech has built India’s largest online platform for insurance and lending products leveraging the power of technology, data and innovation. In 2014, PB Fintech launched Paisabazaar with the goal to transform how Indians access personal credit by accentuating ease, convenience and transparency in selecting a variety of personal loans and credit cards.