PB Fintech Ltd invests $2 mn in YKNP Marketing Management

PB Fintech Limited ("Company") has made an investment of ~USD 2 million and acquired 26.72% Shares of YKNP Marketing Management, a Limited Liability Company ("LLC") through PB Fintech FZ-LLC, a wholly owned subsidiary of the Company.

Post investment, YKNP has become an associate of PB Fintech FZ-LLC, a wholly owned subsidiary of the Company and accordingly a related party. Further, the company is a professionally managed company with no identifiable Promoter.

With this partnership the company will get access to banks of UAE where it can start sourcing customer leveraging the YKNP agreement and field force. YKNP has about majority business through Arabic population. The company will get access to sales team which can cater to Arabic customers.

YKNP Marketing Management is a leading provider of outsourced sales and marketing services for companies in the UAE. The Company mainly provide below services to their clients:

(i) Lead Generation
(ii) Sales Consulting Services
(iii)Co-Sourcing
(iv) Sales Outsourcing Services

Shares of PB Fintech Ltd was last trading in BSE at Rs. 402.80 as compared to the previous close of Rs. 373.00. The total number of shares traded during the day was 912275 in over 18220 trades.

The stock hit an intraday high of Rs. 417.95 and intraday low of 375.00. The net turnover during the day was Rs. 365088132.00.

Source : Equity Bulls

Keywords

PBFintech Investment YKNPMarketingManagement PBFintechFZLLC