Policybazaar's parent firm eyes 25% stake in PB Healthcare; to invest Rs 860 cr for establishing hospitals

PB Fintech, the parent company of Policybazaar, invests Rs 860 crore for a 25% stake in PB Healthcare, aiming to establish hospitals with 1,000 beds in its first year. The venture will ensure cashless treatment without pre-authorisation, aiming to tackle rising healthcare costs. Initially, hospitals will be set up around NCR before expanding across India.