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Sebi puts Prem Watsa backed Go Digit’s IPO in ‘abeyance’

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...

HDFC Bank picks up 9.94 % in Go Digit Life for Rs 120 crore

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...
Fairfax-backed 5-yr old Go Digit General Insurance files DRHP with Sebi for IPO

Fairfax-backed 5-yr old Go Digit General Insurance files DRHP with Sebi for IPO

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...

Go Digit clocks Rs 5,000 cr premium in FY22 on strong growth in motor, health insurance

by AIP Online Bureau | May 1, 2022 | Indian News, Non-Life

Further, the company settled over 6.79 lakh claims worth Rs 2,186 crore during the year. Digit said it has insured over 3.85 lakh electric vehicles in the fiscal ended March 2022 and insured nearly 40,000 corporates under its group health business. Also, as many as 10...

Irdai directs Go Digit to withdraw product offering life insurance benefits

by AIP Online Bureau | Jan 1, 2022 | Eco/Invest/Demography, Indian News, Life, Non-Life, Regulation

The matter relates to modification in the Digit Group Total Protect Policy by the insurer in July this year, under which one additional section by name of ‘Major Illness Plus Cover’ was incorporated in the policy Hyderabad: Insurance sector regulator Irdai...
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