Info Edge loses ₹4,100 cr in PB Fintech stake after IRDAI proposal

Info Edge (India) shares came under pressure after PB Fintech shares fell following IRDAI’s proposals to overhaul the insurance distribution system. The value of Info Edge’s 12.43% stake in PB Fintech has declined by over ₹4,100 crore after the proposed reforms triggered a sharp selloff in Policybazaar’s parent. PB Fintech shares fell 7.4% on Friday.