India's Turtlemint Fintech falls for second day after proposed insurance commission curbs
BUZZ-India's Turtlemint Fintech falls for second day after proposed insurance commission curbs ** Shares of India's Turtlemint Fintech Solutions TURE.NS fall 16.2% to 91.39 rupees, their lowest level since listing on June 29, 2026
** Insurance distribution platform's stock extends losses for a second session after India's insurance regulator proposed reintroducing commission caps across life, health and motor insurance in a consultation paper released on Wednesday
** Proposed caps could reduce Turtlemint's commission income and squeeze margins by limiting payouts earned on policies sold through its platform
** Co's shares fell the exchange-mandated maximum of 20% on Thursday
** More than 11.5 million shares change hands, about 5.5x the 30-day avg volume - LSEG compiled data
** Stock down 32.5% since listing on June 29, 2026
(Reporting by Payel Das in Bengaluru)
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