2 outlets▼ 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?
IRDAI moved lower.
24 Sept 2026 · Economic Times Markets, ET Stocks
Shares of Info Edge dropped 7% after a massive 32% crash in PB Fintech reduced the value of its 6.5% stake by Rs 1,809 crore in a single session. The sell-off follows IRDAI's proposed overhaul of insurance distributor commission structures and crackdown on digital dark patterns.
The analysis
IRDAI reported Rs 1,809 crore, with movement of 7%, 32% and 6.5% attached to those lines. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.
Why it matters
- With IRDAI involved, this carries a regulatory dimension that can outlast the immediate market reaction.
Market context
- The immediate tone of coverage reads negative.