by AIP Online Bureau | Nov 21, 2022 | Indian News, Life, Non-Life, Regulation
IRDAI after examining Go Digit’s “Digital Group Total Protect Policy” filed under `Use and File’ norms had asked the company to withdraw the product as some of its features fall under life insurance products and can’t be offered by a general insurance company...
by AIP Online Bureau | Oct 1, 2022 | Indian News, Non-Life, Regulation, Wealth Management/ Philanthropy
The Sebi was concerned that privately-held Digit issued shares to more than 200 individuals in the past financial year, which is not allowed under Indian laws and regulations MUMBAI: India’s markets regulator will restart a review of a $440 million initial...
by AIP Online Bureau | Sep 19, 2022 | Indian News, Non-Life, Regulation, Wealth Management/ Philanthropy
Without disclosing the reason, Sebi said “issuance of observations (has been) kept in abeyance” with regard to the IPO of Go Digit, an update on the regulator’s website showed on Monday. The information was updated on September 16 The issuance of...
by AIP Online Bureau | Aug 25, 2022 | Indian News, Life
HDFC Bank’s investment has valued GO Digit Life , which is yet to be a licensed, at around Rs 1200 crore The partnership between Kamesh Goyal and Indian born Canadian billionaire Prem Watsa’s Fairfax, which already has a general insurance company, is now...
by AIP Online Bureau | Aug 16, 2022 | Indian News, Non-Life, Wealth Management/ Philanthropy
Prem Watsa, CEO, Fairfax The proceeds from its fresh issuance are worth Rs 1250 crore and will be utilised for the augmentation of the company’s capital base and maintenance of solvency levels and general corporate purposes Fairfax owned by Indian born Canadian...
