MacRitchie Investments Pte. Ltd. has sold 1,13,69,920 equity shares, representing 2.46% of its shareholding in PB Fintech , through an open market block trade on July 03, 2026. The transaction was executed to comply with Regulation 29(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Following the sale, the acquirer's holding in the company decreased from 6.47% to 4.01% of the total paid-up equity share capital.

Transaction Details

The disposal involved shares carrying voting rights, with no encumbrance or other instruments involved. The sale was conducted via the open market mechanism, specifically a block trade, on the National Stock Exchange of India Limited and BSE Limited. The total equity share capital of PB Fintech before and after the transaction remained unchanged at 46,26,93,070 fully paid-up equity shares of INR 2 each.

Shareholding Pattern

The table below outlines the changes in MacRitchie Investments Pte. Ltd.'s shareholding before and after the transaction:

The diluted share capital of the target company stands at 47,44,40,527 fully paid-up equity shares. All percentage shareholdings in the disclosure have been rounded off to two decimal places. Sumei Anand, Authorized Signatory, confirmed the transaction on behalf of MacRitchie Investments Pte. Ltd.

PB Fintech has infused ₹13 crore into its wholly owned subsidiary, PB Pay Private Limited, to meet the capital adequacy norms mandated by the Reserve Bank of India (RBI). This investment is part of a total approved amount of ₹20 crore, with the balance to be infused in one or more tranches. The funds were utilized to subscribe to 1,30,00,000 equity shares of ₹10 each, increasing the paid-up capital of PB Pay to ₹50 crore. The transaction was completed via cash consideration and is classified as a related party transaction conducted at arm's length, as PB Fintech is a professionally managed company with no identifiable promoters.

PB Pay, incorporated on April 09, 2024, received a Certificate of Authorisation from the RBI on February 06, 2026, to commence payment aggregator operations. The entity had not commenced business operations as of March 31, 2026, resulting in nil turnover. The capital infusion is aimed at supporting business expansion and meeting the net worth criteria required for operating as a Payment Aggregator under the Payment and Settlement Systems Act, 2007.

Expansion into Dubai International Financial Centre

Separately, the M&A and Investment Committee of the Board sanctioned the incorporation of two step-down subsidiaries in Dubai, United Arab Emirates (UAE), within the Dubai International Financial Centre (DIFC). These entities will be established through PB Fintech's existing overseas subsidiary, PB Fintech FZ LLC.

The first entity, "Policybazaar Financial Advisors (DIFC) LLC", will seek a Category 4 licence from the Dubai Financial Services Authority (DFSA) to advise on financial products and arrange deals in investments for long-term insurance contracts. The second entity, "PB Re Brokers (DIFC) LLC", will apply for a licence to act as a Reinsurance Broker and Managing General Agent (MGA).

Investment Details for New Subsidiaries

The investments for the Dubai-based entities will be made by PB Fintech FZ LLC through cash consideration. The specific capital allocations are outlined below: