PB Fintech, Turtlemint Shares Extend Slump as Outlook Worsens
Shares of Indian online insurance companies PB Fintech and Turtlemint declined following analyst downgrades. The selloff was triggered by a regulatory proposal to cap commissions and management expenses within the insurance industry.
A selloff in shares of India’s online insurance sellers deepened on Friday as analysts pared earnings expectations after the industry regulator’s proposal to cap commissions and management expenses.
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