Date: July 02, 2026
Investment in Subsidiary
PB Fintech Limited has made an investment of INR 13,00,00,000/- (Indian Rupees Thirteen Crores Only) in the equity shares of PB Pay Private Limited, its wholly owned subsidiary. This investment represents the first tranche of a total approved amount of INR 20,00,00,000/- (Indian Rupees Twenty Crores Only).
Subsidiary Details
Target Entity: PB Pay Private Limited (PB Pay)
Registered Office Address: Plot No. 119, Sector-44, Gurgaon-122001 (Haryana)
Authorised Capital: ₹50,00,00,000 (Rupees Fifty Crores Only)
Paid-up Capital (before allotment): ₹37,00,00,000/- (Rupees Thirty Seven Crores Only)
Paid-up Capital (after allotment): ₹50,00,00,000/- (Rupees Fifty Crores Only)
Turnover (31.03.2026): Nil, as the company had not commenced business operations as of March 31, 2026
Date of Incorporation: April 09, 2024
Country of Operation: India
Transaction Details
Consideration: INR 13,00,00,000/- (Indian Rupees Thirteen Crores Only) in cash
Shares Allotted: 1,30,00,000 equity shares of face value of Rs. 10/- each
Shareholding Percentage: Remains unchanged at 100% (wholly owned subsidiary)
Transaction Basis: Arm's length basis
Related Party Status: Yes, as PB Pay is a wholly owned subsidiary of PB Fintech Limited
Promoter/Promoter Group Interest: Not involved as PB Fintech Limited is a professionally managed company with no identifiable Promoter
Regulatory Approvals
Governmental/Regulatory Approvals: Not applicable for this investment. All necessary approvals will be taken by PB Pay as and when required.
RBI Authorization:
- The Reserve Bank of India granted In-Principle authorisation to PB Pay to operate as an Online Payment Aggregator under the Payment and Settlement Systems Act, 2007 vide letter no. CO. DPSS.AUTH.No.S48/02.27.004/2025-26 dated April 15, 2025
- RBI granted Certificate of Authorisation No. 290/2026 to PB Pay to commence/carry on the business of payment aggregator w.e.f. February 06, 2026 vide letter no. CO.DPSS.AUTH.No.S1207/02.27.004/2025-26 dated February 06, 2026
Business Background
PB Pay Private Limited was incorporated to carry on the business of online payment aggregation. The company received RBI authorization to operate as a payment aggregator but had not commenced business operations as of March 31, 2026, resulting in nil turnover for the period.
Future Investment Plans
The company will infuse the balance approved amount of INR 7,00,00,000/- (remaining from the total INR 20 crore approval) in one or more tranches.