MF News SEBI puts Go Digit IPO ‘in abeyance’

SEBI puts Go Digit IPO ‘in abeyance’

IPO of Go Digit Insurance has not received SEBI’s go ahead for now.

Team Cafemutual Sep 25, 2022

Listen to this article

IPO plans of Go Digit General Insurance will be delayed as SEBI has put the company ‘In abeyance’. SEBI discloses this on its website that "Issuance of observations (has been) kept in abeyance."

The general insurer planned to raise Rs.1250 crore to expand its business.

The company received gross premium of Rs.2500 crore in April-August 2022 as against Rs.1800 in April-August 2021. Currently, the company holds market share of 2.41% in the general insurance industry.

Like what you are reading?

Login to get instant access to this article and many other such articles on business development, success stories and industry updates.

Don't worry ... it's FREE!

Have a query or a doubt?
Need a clarification or more information on an issue?
Cafemutual welcomes all mutual fund and insurance related questions. So write in to us at newsdesk@cafemutual.com

Latest Articles

SEBI to look into delays in updating of KYC status

Your bulletin for the day

‘Manufacturing sector to play a major role in India's GDP in the next decade’

MF quarterly AAUM just short of Rs.60 lakh crore

Indore's MFD Association appoints Rajesh Kulwal as the new president

Consolidated account statement in MFs to be sent through email as preferred mode: SEBI

Impact of inclusion of Indian Bonds in JP Morgan Index on debt funds

SEBI to introduce simple regulations to facilitate growth of passives

SEBI to allow fund houses to launch passive hybrid funds

Aditya Birla Sun Life AMC reappoints A Balasubramanian as MD and CEO

Click to clap

Disclaimer: Cafemutual is an industry platform of mutual fund professionals. Our visitors are requested to maintain the decorum of the platform when expressing their thoughts and commenting on articles. Viewers are advised to refrain from making defamatory allegations against individuals. Those making abusive language or defamatory allegations will be blocked from accessing the web site.

0 Comment

Be the first to comment.

More than 2,07,000 of your industry peers are staying on top of their game by receiving daily tips, ideas and articles on growth strategies. Join them and stay updated by subscribing to Cafemutual newsletters.

Fill in the below details or write to newsdesk@cafemutual.com and subscribe to Cafemutual Newsletter now.

POLL

MORE POLLS

As regards Portfolio Management Services (PMS), what is your status

Actively selling PMS

Not selling PMS but considering it seriously

Not selling PMS and not considering it either

EVENTS FORUMS