PB Fintech trades higher as its arm gets nod to incorporate wholly owned subsidiary
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PB Fintech is currently trading at Rs. 516.20, up by 4.55 points or 0.89 % from its previous closing of Rs. 511.65 on the BSE.
The scrip opened at Rs. 528.50 and has touched a high and low of Rs. 553.95 and Rs. 506.60 respectively. So far 108070 shares were traded on the counter.
The BSE group 'A' 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. 455.00 on 27-Jul-2022.
Last one week high and low of the scrip stood at Rs. 568.45 and Rs. 500.85 respectively. The current market cap of the company is Rs. 23149.24 crore.
The Institutions and Non-Institutions held 27.81% and 72.19% stakes, respectively in the company.
PB Fintech’s wholly owned subsidiary -- PB Fintech FZ-LLC has received approval to incorporate wholly owned subsidiary company namely ‘PB Abu Dhabi Tech Co’. Incorporation of a new tech company in Abu Dhabi with core objective of extending groups technology hub in UAE and providing end to end tech solutions.
PB Fintech is 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.
