Protean eGov Technologies shares plunge 20% after downgrade amid PAN 2.0 project withdrawal

May 20, 2025

Protean eGov Technologies’ shares plummeted 20% following the announcement that it is no longer in the running for the PAN 2.0 project. Analysts downgraded the stock, citing the significant revenue contribution from PAN services, which accounts for 50% of the company’s earnings.

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