Info Edge shares fall as value of its PB Fintech stake declines
What happened
- Info Edge shares fell following a decline in the share price of PB Fintech.
- Info Edge holds a 6.5% stake in PB Fintech.
- The decline in PB Fintech's value reduced the market value of Info Edge's investment.
Key terms explained
Financial terms from this story, in everyday words.
- Stake
- A percentage of ownership in a company.
Original source
The Economic Times
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