Market regulator SEBI has returned the documents related to the IPO of Go Digit General Insurance Limited.
SEBI has returned the IPO papers of insurance company Go Digit, saying that the company did not comply with the capital and disclosure conditions. The company said in a statement on Tuesday that it will update and resubmit this document with the necessary information sought by SEBI.
Go Digit IPO: Market regulator SEBI has returned the documents related to the IPO of Go Digit General Insurance Limited. In such a situation, the company’s IPO may be delayed further. Canada-based Fairfax Group has invested in this company. According to the update received by SEBI on Tuesday, SEBI returned the draft papers on January 30. After this move by SEBI, now the company will have to re-file its IPO papers with some updates. Explain that the company had filed its IPO papers with SEBI in August 2022.
IPO related details
Fresh equity shares worth Rs 1,250 crore are to be issued under this proposed IPO of Go Digit. At the same time, 10.94 crore equity shares are to be sold under Offer for Sale (OFS) by a promoter and existing shareholders.
That’s why the IPO papers were returned
SEBI has returned the IPO papers of insurance company Go Digit, saying that the company did not comply with the capital and disclosure conditions. SEBI has taken this decision due to the lack of regulatory compliance of Go Digit. The company said in a statement on Tuesday that it will update and resubmit this document with the necessary information sought by SEBI.
Virat-Anushka has also invested
Veteran cricketer Virat Kohli and his actress wife Anushka Sharma have also invested in this company, which provides insurance to the vehicle, health, travel, property, and marine sectors.
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