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.
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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.
Disclaimer
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
