Shaking up healthcare? What PB Fintech's hospital foray means

Imagine the horror: you are invested in an asset-light tech business, which suddenly does a 180-degree turn and forays into a capital and asset-heavy venture. Policybazaar parent PB Fintech's investors can tell you what it feels like. They crashed the stock by over 15 per cent in five days (September 24-30) after news reports claimed the digital insurance platform would build hospitals. It was only after the management cleared the air that the stock recovered. We explain what