PB Fintech has issued a clarification regarding recent news reports suggesting the company is reviving its $1 billion fundraising initiative. The company states that the news is factually untrue and that the management or the Board are not currently considering a Qualified Institutional Placement (QIP). This announcement was made on February 6, 2026.
Clarification on Fundraising Reports
PB Fintech has addressed recent media reports concerning a potential $1 billion fundraising initiative. The company clarified that these reports are inaccurate. The announcement, dated February 6, 2026, seeks to correct misinformation circulating in the market.
No Current Plans for QIP
The company explicitly stated that neither the management nor the Board is currently evaluating a Qualified Institutional Placement (QIP). This statement aims to dispel speculation and provide clarity to investors regarding the company’s financial strategy.
Source: BSE
