{"id":5284,"date":"2024-12-04T13:30:47","date_gmt":"2024-12-04T08:00:47","guid":{"rendered":"https:\/\/lakshmishree.com\/news\/?p=5284"},"modified":"2024-12-04T13:30:49","modified_gmt":"2024-12-04T08:00:49","slug":"pb-fintech-shares-surge-to-52-week-high-on-subsidiary-approval-for-healthcare-services","status":"publish","type":"post","link":"https:\/\/lakshmishree.com\/news\/pb-fintech-shares-surge-to-52-week-high-on-subsidiary-approval-for-healthcare-services\/","title":{"rendered":"PB Fintech Shares Surge to 52-Week High on Subsidiary Approval for Healthcare Services"},"content":{"rendered":"\n<p>Shares of PB Fintech surged nearly 5 percent on December 4, reaching a 52-week high of Rs 2,018.85 after the company announced plans to incorporate a wholly owned subsidiary. This new entity will focus on healthcare services under proposed names such as &#8216;PB Healthcare&#8217; or &#8216;PB Healthcare Services,&#8217; subject to approval by the Ministry of Corporate Affairs.<\/p>\n\n\n\n<p>At around 12:30 PM, the stock was trading 4 percent higher at Rs 2,006. With an impressive year-to-date gain of 147 percent, PB Fintech has significantly outperformed the Nifty 50, which rose by 13 percent during the same period. The stock has maintained a positive streak, delivering gains for three consecutive months.<\/p>\n\n\n\n<p>The subsidiary will have an authorized share capital of Rs 5 lakh and will be fully owned by PB Fintech. The company, along with its nominee, plans to subscribe to 50,000 equity shares at a face value of Rs 10 each, making an initial investment of Rs 5 lakh in cash.<\/p>\n\n\n\n<p>PB Fintech, known for its flagship platforms Policybazaar and Paisabazaar, has been a key player in providing access to insurance and lending products in India. The company recently reported a profit of Rs 50.7 crore in Q2 FY25, a remarkable turnaround from a loss of Rs 20.2 crore in the same quarter last year.<\/p>\n\n\n\n<p>Do you have a news tip for Lakshmishree reporters? Please email us at <a>media@lakshmishree.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shares of PB Fintech surged nearly 5 percent on December 4, reaching a 52-week high of Rs 2,018.85 after the company announced plans to incorporate a wholly owned subsidiary. This new entity will focus on healthcare services under proposed names such as &#8216;PB Healthcare&#8217; or &#8216;PB Healthcare Services,&#8217; subject to approval by the Ministry of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":5285,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[50],"tags":[764],"class_list":["post-5284","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-indian-market","tag-pb-fintech-subsidiary"],"_links":{"self":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/5284","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/comments?post=5284"}],"version-history":[{"count":1,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/5284\/revisions"}],"predecessor-version":[{"id":5286,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/5284\/revisions\/5286"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/media\/5285"}],"wp:attachment":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/media?parent=5284"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/categories?post=5284"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/tags?post=5284"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}