PB Fintech is said to revive $1 billion fundraise after outreach

PB Fintech plans to revive a fundraising proposal after consultations with existing shareholders and prospective investors. The Policybazaar parent may raise up to $1 billion through a qualified institutional placement once outreach ends and market conditions stabilise. Advisersfor rhe trasactions include Kotak Mahindra Capital, IIFL, HSBC and Citigroup for the transaction said.