Regulator Proposal Crushes PB Fintech

Gurugram₹30,000 crore of market value vanished in one session.

PB Fintech fell at least 34% Thursday, its steepest one-day drop since its 2021 listing.

India’s insurance regulator proposed restoring commission caps on life, health and motor policies, removed in 2023.

The proposal is a consultation paper, and Jefferies notes it could change after stakeholder feedback.

Brokerage Motilal Oswal says the stock stays under pressure until the regulator publishes final rules.

How each outlet framed it

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MoneyControl
The Financial Express
mint: reconstructs F&O trading mechanics showing ₹1,600 put premiums rising 13x (₹27→₹376) during 25% stock fall, explains leverage effect in derivatives