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

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.

The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.

To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.

Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.