In March, the promoter of PB Fintech approved the incorporation of PB Pay, which was created to conduct the business of payment aggregator with a paid-up capital of Rs 27 crore.
Last month, PB Fintech said PB Pay Private Limited would be a non banking finance company (NBFC) and carry on the business of payment aggregator domestic and/or cross border or both, as may be permitted by the Reserve Bank of India (RBI).
Zomato was the top performer from the new age technology pack, giving a staggering 258% return to investors in FY24. This was after a 38% correction witnessed in FY23.
PB Fintech shares: Policybazaar demonstrated a bullish breakout above the small 'Falling Channel' pattern at Rs 1,145 on the weekly chart, signalling a positive bias.