According to sources, the potential acquisition is likely to be in the insurance distribution space in international markets, signalling the company’s intent to expand its global footprint. However, the size and timing of the proposed fund raise have not yet been finalised.
“The fund raise is being evaluated primarily to support an acquisition opportunity overseas,” sources said, adding that discussions are still at a preliminary stage.
The development comes even as PB Fintech maintains a strong liquidity position, with cash and equivalents of around ₹2,100 crore on its books, as per sources. This suggests that the proposed QIP, if announced, would be aimed at strategic expansion rather than near-term balance sheet support.
PB Fintech is also scheduled to report its Q3 earnings later today, adding to near-term volatility in the stock.
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CNBC-TV18 has reached out to the company for an official response, but has not received a reply as of the time of publishing.
The market appeared cautious on the potential dilution. Shares of PB Fintech Ltd closed 4.6% lower at ₹1,545 on the NSE, reflecting investor sensitivity to capital-raising plans ahead of earnings.