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VERIFIEDET Markets·negative
Info Edge shares plunge 7% as bloodbath in PB Fintech shares wipes off Rs 1,809 crore from recruiter's stake. What lies ahead?
AI Summary
- ·Info Edge shares fell 7% following a 32% drop in PB Fintech.
- ·The decline in PB Fintech reduced the value of Info Edge's 6.5% stake by Rs 1,809 crore.
- ·The sell-off is linked to IRDAI's proposed changes to insurance commission structures and digital practices.