Info Edge has seen the value of its stake in PB Fintech drop by Rs 4,100 crore, according to ET Now. The loss followed a regulatory move by the Insurance Regulatory and Development Authority of India
PB Fintech, which operates Policybazaar, came under heavy selling pressure. The Times of India reported the stock fell 5% after a 36% decline the previous day, describing the slide as a bloodbath for
The regulatory change at the centre of the selloff concerns commissions paid on insurance products. Telegraph India reported that IRDAI is moving to cap product-wise commissions, a step that creates a
The scale of the reaction reflects how closely PB Fintech's business model is tied to insurance distribution economics. The Ken noted a Rs 34,000 crore wipeout in Policybazaar's market value and linke
For Info Edge, the fall is a mark-to-market hit on a listed investment rather than a realised loss, based on the reporting.
What to watch next: how IRDAI's final commission rules take shape, and whether PB Fintech shares stabilise once the details are settled.
ET Now reports Info Edge lost Rs 4,100 crore on its PB Fintech holding as IRDAI's commission overhaul triggered a sharp