Munish Ravinder steps down as Director from PB Fintech; stock marginally down

16 Mar 2022 , 10:08 AM

In its filing with the exchanges, PB Fintech Ltd. informed the investors and exchanges that the company’s Non-Executive Director Munish Ravinder Varma has tendered his resignation from the directorship of the company and ceased to be Director w.e.f. closure of business hours of March 14, 2022.

Munish has cited personal reasons and other pre-occupations for his resignation.

PB Fintech owns brands like Policy Bazaar, Paisa Bazaar. Softbank, a Japanese investor, is pulling out its Indian representative Munish from the boards of Paytm and Policy Bazaar owing to its regulatory policy.

PB Fintech was trading 0.47% lower at Rs686.90, against its previous closing price of Rs690.15 on NSE. It touched the intraday high and low of Rs706.05 and Rs685.55 respectively.