India's Turtlemint Fintech falls for second day after proposed insurance commission curbs

By Reuters News

** 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

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