PB Fintech Deploys IPO Proceeds in UAE Insurance

PB Fintech invested AED 1,20,06,140 (~₹313.84 million) in Genesis Group Limited via wholly-owned subsidiary Icall Support Services Private Limited.
This investment completes utilization of IPO proceeds earmarked under 'Object No. 4: Expanding our presence outside India', per prior shareholder approval.
Genesis Group Limited, holding company of Policybazaar Middle East Insurance Brokers LLC (UAE), reported consolidated turnover of AED 10.94 crore for FY2025.