PB Fintech, the parent company of PolicyBazaar, has approved a fresh issue of employee stock options covering 35.11 lakh equity shares, according to recent stock-exchange filings. The allotment, made under the company’s ESOP 2024 plan, is aimed at strengthening workforce retention and long-term value creation.
Based on PB Fintech’s current market price of Rs 1,835 per share, the newly- issued options carry an estimated value of Rs 644 crore, or about $72 million.
Alongside the ESOP grant, the company announced a significant regulatory development. PB Pay, its wholly-owned subsidiary, has received in-principle approval from the Reserve Bank of India to function as an online payment aggregator under the Payment and Settlement Systems Act, 2007. The approval positions PB Fintech to expand deeper into the digital payments landscape and diversify its financial services offerings.
In a parallel move to strengthen its healthcare vertical, PB Fintech’s board has cleared a Rs 696 crore (approximately $80 million) capital infusion into its subsidiary PB Healthcare Services. The investment is expected to support business expansion and operational enhancements in the rapidly-growing health services market.
PB Fintech reported strong performance in the second quarter of the current fiscal year. Revenue from operations increased 20 per cent to Rs 1,613 crore, up from Rs 1,348 crore in Q2 FY25. Net profit jumped 2.6 times, rising to Rs 135 crore from Rs 51 crore a year earlier.
