Info Edge shares tumbled to Rs 1,209 apiece on NSE. Meanwhile, shares of PB Fintech, the parent company of Policybazaar, crashed 32% to Rs 1,282.30 apiece after IRDAI’s proposed overhaul of the insurance sector spooked investors, with brokerages sounding the alarm for insurance distributors.
Why PB Fintech shares are crashing today
PB Fintech shares are on track to record the sharpest single-day plunge in its history since debuting on Dalal Street in November 2021. The sell-off has wiped off more than Rs 27,950 crore from the company’s market capitalisation, dragging it down below Rs 59,339 crore.
The Insurance Regulatory and Development Authority of India (IRDAI) has proposed a major overhaul of the way insurers pay commissions to distributors, with limits to be linked to the type of product, distribution channel, size of the policy, and the effort required to sell. The insurance regulator also plans to prohibit ‘dark patterns’ on insurance websites, including practices that require customers to provide personal details before accessing product features and pricing information.
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Also read | Bloodbath in PB Fintech shares after IRDAI’s reform plans. What Citi and Jefferies are warning
How bloodbath in PB Fintech shares affects Info Edge
Info Edge owned over 2.99 crore shares or a 6.5% stake in PB Fintech as on June 30, 2026, according to data on the company’s shareholding pattern on NSE. Just a day before the mayhem ensued, Info Edge’s stake in PB Fintech was worth more than Rs 5,649 crore. Today, that same stake is worth Rs 3,840 crore, implying an unrealised loss of Rs 1,808.86 crore in just one session.
Info Edge has been an early investor in the Indian startup ecosystem, with bets on companies such as Zomato (now Eternal) and PB Fintech (Policybazaar). PB Fintech shares have fallen more than 27% in one week, 28% in a month, and 29% in 2026 so far. In the longer term, the shares delivered a positive return of 71% in three years. However, the stock has fallen 26% in one year.
Info Edge (India) shares meanwhile dropped 4% in a week and 10% in a month, with the stock overall being down 12% in one year. In the longer term, the shares of the company gained 42% in three years but fell over 8% in five years.
Disclaimer: This article has been written by Debaroti Adhikary, who is not a SEBI-registered Research Analyst or an Investment Adviser. Debaroti Adhikary and his/her ‘relative(s)’ (as defined under Section 2(77) of the Companies Act, 2013) do not hold any financial interest in the companies mentioned in this article as of the date of publication. The views/recommendations mentioned in this article, wherever applicable, are those of the respective SEBI-registered Research Analyst/brokerage and have been reproduced/reported with due attribution. They should not be construed as the views or recommendations of The Economic Times Digital or the journalist. Readers are advised to consider the original research report and make their investment decisions based on their own assessment. Brokerage disclaimers here.