Subsidiary capital infusion · Fintech
PB Fintech approves up to ₹10 crore capital infusion into PB Wheels
The subsidiary financing is planned in one or more tranches for working capital and operating expenses.
Committee approval for subsidiary funding
PB Fintech’s M&A and Investment Committee approved an investment of up to ₹10 crore in wholly owned subsidiary PB Wheels on September 16. The infusion may take place in one or more tranches.
The allocation is intended for working capital and operating expenses. The same disclosure separately describes up to ₹1 crore for PB Financial Account Aggregator; that amount belongs to a different subsidiary.
Use of funds
Working capital
Operating expenses
Funding history
Subsidiary capital infusion · This round≤₹100M