Results
Mint25 Sept 2026, 9:02 am IST
PB Fintech shares fall 35% following IRDAI proposal
What happened
- PB Fintech shares fell 35% on September 24, reaching a 52-week low.
- The decline followed an IRDAI consultation paper proposing new limits on insurance distributor commissions.
- The company's CEO stated the proposal could reduce general insurance revenue to 33-40% of current levels.
- The share price drop increased the value of put options for traders.
Key terms explained
Financial terms from this story, in everyday words.
- IRDAI
- The Insurance Regulatory and Development Authority of India, the body that regulates the insurance sector.
- Futures and options (F&O)
- Financial contracts that allow traders to bet on the future price movement of a stock.
Original source
Mint
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