PB Fintech is said to revive fundraise after outreach

Group 1 - PB Fintech Ltd. is expected to revive a major fundraising plan that had been paused due to shareholder pushback after consultations with existing shareholders and prospective investors [1] - The company is likely to propose raising up to $1 billion through a qualified institutional placement once investor outreach is completed and market conditions stabilize [2] - PB Fintech had previously canceled a board meeting to consider the institutional placement due to concerns from shareholders regarding the timing of the fundraise and the strategic rationale behind it [3] Group 2 - The company stated that reports about reviving the fundraising plan are "factually untrue" and that management or the board are not considering the qualified institutional placement [4] - PB Fintech's stock has declined by 16% this year, contrasting with a 9% gain in the benchmark Nifty 50 index [4] - The volatility in PB Fintech's stock is linked to capital allocation plans, including a previous $77 million investment into its subsidiary, PB Healthcare Services, which raised concerns among investors [5] Group 3 - Concerns around capital allocation have been highlighted, particularly following the company's earlier hospital venture and its plans for international market expansion [6]