PB Fintech Limited
SBI Life Insurance took a new position in PB Fintech Limited, acquiring 8,025,292 shares, which represents a 1.73% stake in the company. The shares are valued at ₹1,263.98 crore based on the current share price of ₹1574.00.
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.
Joint venture between State Bank of India and BNP Paribas Cardif. Manages over Rs 4.7 lakh crore in total AUM with the flagship SBI Life Equity Fund alone holding over Rs 77,000 crore. One of India's largest private life insurers by AUM, with a multi-cap equity book deployed across ULIP and participating funds.