Shares of PB Fintech extended their losing streak to a sixth straight session on Thursday, slipping another 9.4% to hit a low of Rs 965. The stock is now down 50% from its record high of Rs 1,963 and has fallen below its 2021 IPO issue price of Rs 980 per share.
The selloff comes after the Insurance Regulatory and Development Authority of India (IRDAI) proposed a ban on 'dark patterns' on insurance websites, including practices that require customers to share personal details before accessing product features and pricing information.
