M&A

M&A

Merger of Info Edge unit with PB Fintech gets NCLT nod

Inc42   PB Fintech  

The Chandigarh bench of the National Company Law Tribunal (NCLT) has approved the amalgamation of publicly listed Info Edge's subsidiary Makesense Technologies Ltd with Gurugram-based, publicly listed PB Fintech (which operates insurance aggregator Policybazaar). Info Edge first proposed the merger in 2021. At the end of June 2025, Info Edge owned a 13.04% stake in PB Fintech via Makesense Technologies and its other subsidiaries - Diphda Internet Services Ltd and Startup Investments (Holding) Ltd. Upon merger, the shareholders of Makesense Technologies will be issued the corresponding number of shares of PB Fintech directly.

For FY24, PB Fintech had reported about INR 3,438 Cr in Operating Income and about INR 64 Cr in PAT.