India, Feb. 28 -- Shares of insurtech major Policybazaar's parent PB Fintech almost dropped 4% to touch its 28-week low of INR 1,443.50 apiece during the intraday trading session on the BSE today (February 28).

However, the stock revived some of its loss, to trade at INR 1460 per share, as of 12:16 PM, a 2.8% decline from its previous close of INR 1502.45 apiece on the BSE yesterday (February 27).

This comes a day after the company announced multiple leadership level changes in its subsidiaries, where cofounder and chief executive of its wholly owned subsidiary Paisabazaar Marketing and Consulting Naveen Kukreja stepped down from his role to be replaced by Policybazaar's chief business officer Santosh Agarwal.

Meanwhile, Ashutosh Mishr...