PB Fintech ponders giving back moolah to fellow shareholders: Yashish Dahiya

January 31, 2024
1 min read

TLDR: PB Fintech to Consider Returning Capital to Shareholders: Yashish Dahiya

PB Fintech, the parent company of Policybazaar, is considering returning a part of its capital to shareholders through a share buyback or dividends. The decision will be made after discussions with the board and consent from shareholders. Chairman Yashish Dahiya stated that there is an 85% probability that the company will choose to return capital through a buyback. PB Fintech expects its cash reserves to reach around Rs 7,500 crore by 2027. The company also plans to use part of its surplus capital to find new opportunities and gain more control over its value chain. PB Fintech recently reported its first net profit of Rs 37.2 crore for the third quarter of the fiscal year. The company’s revenue from operations grew 43% YoY to Rs 871 crore. Shares of PB Fintech reached a 52-week high before closing at Rs 1,002.40 on

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