PB Fintech Limited
Axis Mutual Fund increased its stake in PB Fintech from 2.32% to 3.04%, acquiring an additional 3,354,930 shares. The value of the additional shares is ₹599.99 Cr at ₹1785.00 apiece.
India's largest online platform for insurance and lending products, PB Fintech operates through its flagship brands Policybazaar and Paisabazaar. The company provides convenient digital access to insurance policies, credit products, and other financial services to customers across the country. Its distinctive model aggregates offerings from multiple providers, enabling customers to compare, evaluate, and purchase financial products online without visiting physical branches.
Subsidiary of Axis Bank, India's third-largest private sector bank. Manages over Rs 3.5 lakh crore in AUM. Built its brand on a quality growth equity philosophy with concentrated high-conviction portfolios. Flagship Axis Flexi Cap and Axis Bluechip funds are widely held among retail investors and drove significant AUM growth through the 2017-2021 bull cycle.