The planned initial share offering of Canada-based Fairfax Group-backed Go Digit General Insurance Ltd. has been placed on hold by capital markets regulator Sebi.
On August 17, Go Digit submitted preliminary IPO documents to the authority for financial markets.
In the company’s proposed initial public offering (IPO), fresh equity shares worth Rs1,250 crore and Rs10.94 crore offered for sale by a promoter and existing shareholders were combined.
Go Digit provides a variety of insurance products, including auto insurance, health insurance, travel insurance, property insurance, marine insurance, liability insurance, and others.
One of the earliest non-life insurers in India, it has created application programming interfaces (API) with several channel partners.
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