PB Fintech shares crashed 36% on Thursday after IRDAI proposed tighter insurance distribution rules, including product-specific commission caps and expense limits. The selloff erased over Rs 31,000 crore in market value. Analysts warn the changes could significantly hit revenue and earnings, as 50-55% of PB Fintech's business is commission-linked. The stock closed at Rs 1,210, with further downside possible.
PB Fintech Shares Plunge 36% on IRDAI Commission Cap Proposal
Source: Moneycontrol