PB Fintech to acquire remaining 20% stake in MyLoancare, invests Rs 10 Cr in PB Wheels

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PB Fintech, the parent company of Policybazaar and Paisabazaar, has received in-principle approval to acquire the remaining 20% stake in its subsidiary MyLoancare Ventures Pvt Ltd for up to Rs 5 crore, according to its exchange filing,
Following the acquisition, MyLoancare will become a wholly owned subsidiary of PB Fintech. The transaction will be completed through cash consideration and is expected to close by March 31, 2027.
The final acquisition price will be determined based on the valuation report and is subject to the approval of the M&A and Investment Committee and acceptance by the selling shareholders.
Incorporated in 2013, MyLoancare is an RBI-registered NBFC engaged in digital lending technology, retail loan aggregation, and financial product distribution. The company’s turnover plunged 90.6% to Rs 82 lakh in FY26, from Rs 8.7 crore in FY24.
Separately, PB Fintech has approved capital infusions of up to Rs 10 crore in PB Wheels and Rs 1 crore in PB Financial Account Aggregator, both wholly owned subsidiaries. The funds will support working capital and operating expenses at PB Wheels, and operating expenses and RBI-mandated capital requirements at PB Financial Account Aggregator.
On the financial front,PB Fintech reported a 92% YoY jump in profit after tax to Rs 163 crore in Q1 FY27. Its operating revenue grew 40% YoY to Rs 1,888 crore, from Rs 1,348 crore in the year-ago quarter.

document fetched 2026-09-18 02:56