India, Sept. 24 -- Update | September 24, 16:34 IST

Shares of PB Fintech ended today's trading session 35.98% lower at Rs.1,210 apiece on the BSE, hitting the dynamically revised lower price band. The company's market capitalisation stood at Rs.55,993.08 Cr ($5.8 Bn) at the end of the session.

Meanwhile, Turtlemint shares remained locked at the lower circuit, ending 19.99% down at Rs.109.10 apiece.

Original | September 24, 11: 27 IST

Shares of Policybazaar parent PB Fintech and insurtech company Turtlemint crashed after the Insurance Regulatory and Development Authority of India (IRDAI) proposed a sweeping overhaul of insurance distribution, including hard commission caps and lower expenses of management (EoM) limits.

PB Fintech shar...