India's PB Fintech gains on buying stake in UAE insurance broker
02/05/2024 09:14
** India's PB Fintech PBFI.NS rises 3.5% to 1,308.5
rupees, its highest since early April
** Insurance aggregator to buy 49% stake in UAE-based
insurance broker Genesis group for 3.88 million AED ($1.06
million)
** Analysts' median PT on PBFI is 1,020 rupees, less than
current price, though their mean rating is "buy" -LSEG data
** Stock has jumped ~65% so far this year
($1 = 3.6728 UAE dirham)
(Reporting by Manvi Pant in Bengaluru)
((Manvi.Pant@thomsonreuters.com; +918447554364;))
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