PB Fintech is set to venture into the healthcare services sector, with plans for a new vertical focused on healthcare management. Sources reveal that the company is in discussions to launch this innovative model,

PB Fintech stock experienced a significant drop of up to 10% before recovering to close at ₹1,694.95 on the BSE, down 1.6% from the previous day. The volatility followed reports that the company is considering launching a chain of hospitals.

PB Fintech stock in focus as the Policybazaar parent company explores a strategic entry into the healthcare sector, with an announcement expected soon.

The fall in PB Fintech share price comes after the company indicated that it may foray into the healthcare space.

By entering the healthcare space, PB Fintech could potentially enhance its offerings and cater to a growing demand for integrated health services. However, the company has not provided any official comment regarding this development in response to inquiries from CNBCTV18.

PB Fintech, the parent company of PolicyBazaar, is planning to enter into the healthcare management services, sources have told ET NOW, adding that it will an additional service provided by the company to its customers apart from selling the insurance policy of the multiple insurance companies in both life and non-life side.