PB Fintech, the dad or mum firm of Policybazaar and Paisabazaar, stated its M&A and Funding Committee has granted in-principle approval to amass the remaining 20% stake in MyLoancare Ventures Pvt Ltd for an estimated consideration of as much as Rs 5 crore.

The proposed acquisition will enhance PB Fintech’s holding in MyLoancare to 100%, making it a completely owned subsidiary.

The transaction shall be carried out by money consideration and is predicted to be accomplished on or earlier than March 31, 2027.

The ultimate acquisition value and monetary phrases shall be decided after receiving a valuation report from an unbiased registered valuer. They will even be topic to approval from PB Fintech’s M&A and Investment Committee and acceptance by the promoting shareholders.

PB Fintech had beforehand acquired a controlling curiosity in MyLoancare in June 2022, when it elevated its stake within the firm to 70.10% from 24.93% on a totally diluted foundation.

Integrated in October 2013, MyLoancare is an RBI-registered NBFC concerned in digital lending know-how, retail mortgage aggregation and monetary product distribution.

The corporate reported turnover of Rs 82 lakh in FY26, in contrast with Rs 70 lakh in FY25 and Rs 8.7 crore in FY24. Turnover in FY26 was about 90.6% decrease than in FY24.

Individually, PB Fintech’s M&A and Funding Committee authorised capital infusions of as much as Rs 10 crore in PB Wheels and as much as Rs 1 crore in PB Monetary Account Aggregator. Each corporations are wholly owned subsidiaries of PB Fintech.

The funding in PB Wheels shall be used to satisfy working capital necessities for enterprise operations and different normal working bills.

PB Monetary Account Aggregator will use the funds for normal working bills and to satisfy capital adequacy or internet value standards mandated by the RBI for account aggregators.