In lieu of this investment, VAHPL will issue 1,44,511 compulsorily convertible debentures (CCD's) of Rs 748 each to Docprime.

Visit Health is engaged in the business of providing healthcare and wellness services through the website and the mobile application and the access to medical services of diagnostics, OPD, pharmacy through its network partners and health risk assessment to the subscribers / customers. The company had reported a turnover of Rs 8.91 crore in FY2020-21.

The board of directors of PB Fintech have cleared the proposal.

PB Fintech, owner of Policybazaar and Paisabazaar platforms, is India's largest online platform for insurance and lending products leveraging the power of technology, data, and innovation. It provides convenient access to insurance, credit and other financial products and aims to create awareness amongst Indian households about the financial impact of death, disease, and damage.

The company reported a net loss of Rs 110.84 crore and sales of Rs 237.73 crore in the quarter ended on 30 June 2021.

The scrip rose 0.51% to currently trade at Rs 1220.35 on the BSE.