PB Fintech Limited — Others, 01-08-2025: Monitoring Agency Report

PB Fintech (Policybazaar) has confirmed through its monitoring agency that there is no deviation in its IPO fund utilization. The company reallocated capital, increasing the budget for new growth initiatives, including offline presence, to ₹798.52 Cr. Consequently, allocations for strategic investments and international expansion were adjusted. A significant investment of ₹349.95 Cr was made in PB Healthcare Services. Approximately ₹414.23 Cr of unutilized IPO proceeds remain invested in fixed deposits, with the General Corporate Purpose funds fully utilized, ensuring transparent use of investor capital.