PB Fintech shares fall 6%, lose 43% in 4 sessions insurance rule concerns rise

PB Fintech shares fell over 6% on Tuesday, extending losses for a fourth straight session as proposed insurance distribution reforms raised concerns about the Policybazaar parent. The stock fell to around ₹1,081, making it the biggest midcap loser. It has now lost about 43% in four sessions after IRDAI proposed changes to insurance distribution.