PB Fintech Allots Around 27 Lakh Equity Shares Under ESOP Plan

PB Fintech, the parent company of Policybazaar, has allotted around 27 lakh equity shares under its Employee Stock Option Plan (ESOP) 2021. This move is part of the company’s efforts to reward and retain its employees. The ESOP allocation is intended to incentivize employees by providing them with a stake in the company’s growth and success. PB Fintech’s decision reflects a broader trend among tech companies to use stock options as a tool for employee engagement and retention. The company has been expanding its product offerings and market presence, and the ESOP plan is seen as a way to align employee interests with long-term business objectives.