India's PB Fintech eyes best day in 2 years on canceling fundraise board meet
05/02/2026 08:20
** Shares of PB FintechPBFI.NS jump 9% to 1569 rupees, set for best day since early 2024 ** The parent of online insurance marketplace Policybazaar cancels board meeting to discuss fundraise via qualified institutional placement (QIP) of shares ** Earlier in the week, Co said it would consider raising funds to pursue inorganic growth opportunities through acquisitions ** The stock had dropped 6.5% a day after the fund raise plans announcement, with analysts at Dolat Capital saying healthcare venture investments & QIP for inorganic opportunity may introduce near term earnings volatility ** Stock down 14% so far in 2026 (Reporting by Nishit Navin in Bengaluru) ((nishit.navin@thomsonreuters.com))
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