Sebi notice to PB Fintech's Yashish Dahiya over $2 million Dubai investment

Sebi issued a Show Cause Notice to Yashish Dahiya, CEO of PB Fintech, regarding a $2 million investment in a Dubai-based marketing company in 2022. The investment, made through PB Fintech FZ-LLC, Dubai, for a 26.72% stake, was deemed non-material in terms of UPSI. PB Fintech disclosed considering legal advice in response. T\r

he investment aimed to access UAE banking and sales teams for Arabic customers. Earlier, in August 2022, PB Fintech had disclosed a $4 million investment in YKNP Management. PB Fintech assured that the notice wouldn't significantly impact its financials, operations, or other activities.