Friday, 24 March, 2023

Insurance Company Go Digit’s IPO Not Assured, SEBI Holds Nod

<p>In a tussle for assurance, Insurance company Go Digit found its IPO document to the Share Exchange Board of India (SEBI) to be in a state of &lsquo;abeyance&rsquo;. This temporary suspension came a month after the filing of the company&rsquo;s Initial Public Offering, which was initially proposed on August 17. The Canadian firm Fairfax-backed insurance company offers motor and health insurance and was looking to raise Rs 1,250 cr through the issuance of new equity shares.</p>