PB Fintech Clarifies: No Fundraising or QIP Under Consideration

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PB Fintech Denies Fundraising Reports, No QIP Under Consideration

8. PB Fintech is among the prominent names that underperforming today. The stock is reacting to its Q3 results and the confirmation of the CNBC-TV18 newsbreak of its board meeting to raise funds via QIP.

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CNBC TV18•06-02-2026, 22:34

PB Fintech Denies Fundraising Reports, No QIP Under Consideration

•PB Fintech clarified that reports of reviving fundraising plans are incorrect.
•The company stated that neither its management nor board is considering a Qualified Institutional Placement (QIP).
•This follows the cancellation of a board meeting previously scheduled to consider a QIP proposal.
•PB Fintech reported a net profit of ₹189 crore in Q3, up from ₹71 crore last year, with revenue growing 37% YoY to ₹1,771 crore.
•Total insurance premium rose 45% YoY to ₹7,965 crore, and lending disbursals increased 84% YoY to ₹9,986 crore.

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