PB Fintech share price jumped 9% to ₹1,570.30 apiece on Thursday, February 5, after the company announced cancellation of its board meeting to discuss Qualified Institutions Placement (QIP).
“We wish to inform you that the meeting of the Board of Directors of the Company, which was scheduled to be held today, February 05, 2026, to discuss potential Qualified Institutions Placement (QIP) has been cancelled,” the company said in an exchange filing dated February 5.
On Monday, the company said its board assessed PB Fintech’s organic growth path and deliberated on plans to complement it through selective acquisitions and strategic investments in both domestic and overseas markets.
“The Board of Directors of PB Fintech Ltd (“Company”), at its meeting held earlier today, noted the Company’s robust organic growth trajectory over the years and discussed its strategy to complement this by selectively pursuing inorganic opportunities in local and/or international markets, through strategic investments, acquisitions and/or partnerships,” said the filing.
The company said the proposed fundraise will be carried out through a qualified institutional placement (QIP) of equity shares to eligible institutional investors, subject to necessary shareholder and regulatory approvals.
It added that the funds raised will be deployed for strategic investments, acquisitions, and partnerships, though no specific acquisition has been identified at this stage.
(This is a developing story)
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