The proposed initial share sale of Canada-based Fairfax Group-backed Go Digit General Insurance Ltd has been “abeyanced” by capital markets regulator Sebi.
The Securities and Exchange Board of India (Sebi) did not elaborate. On August 17, Go Digit filed preliminary IPO papers with the capital markets regulator. Cricketer Virat Kohli and his wife Anushka Sharma are among those who have invested in the company. According to the draught papers, the company’s proposed IPO included a fresh issuance of equity shares worth Rs 1,250 crore as well as an offer for sale of 10.94 crore equity shares by a promoter and existing shareholders.
