PB Fintech jumps on incorporating wholly owned subsidiary

PB Fintech is currently trading at Rs. 949.95, up by 13.85 points or 1.48% from its previous closing of Rs. 936.10 on the BSE.

PB Fintechs
PB Fintechs

The scrip opened at Rs. 945.00 and has touched a high and low of Rs. 971.80 and Rs. 943.60 respectively. So far 29304 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. 726.00 on 25-Jan-2022.

Last one week high and low of the scrip stood at Rs. 971.80 and Rs. 771.10 respectively. The current market cap of the company is Rs. 42648.54 crore.

The Institutions and Non-Institutions holding in the company stood at 25.68% and 74.31% respectively.

PB Fintech has incorporated a wholly owned subsidiary of the company by the name of ‘PB Financial Account Aggregators’ vide Certificate of Incorporation issued by Registrar of Companies, Central Registration Centre dated February 03, 2022.

PB Financial Account Aggregators shall carry on the business of an ‘Account Aggregator’, thereby undertaking the activity of retrieving or collecting financial information pertaining to its customers and consolidating, organizing and presenting such information to the customer or any other person as per the instructions of the customer (consent based infrastructure). The financial information of the customer cannot be used for any other purpose by the Account Aggregator.

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.

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